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Senate
What to Know About Two New Amendments to US Infrastructure Bill
U.S. Treasury Secretary Janet Yellen has reportedly been lobbying against cryptocurrency legislation proposed by Sen. Ron Wyden (D-Ore.) and other senators. Meanwhile, the White House is supporting a competing amendment that excludes proof-of-work miners from the reporting provision.
Quantum Economics Exec: ETH Driving Crypto Markets, Not BTC
The crypto markets are popping up, and many suggest Ethereum’s London hard fork upgrade was a potential catalyst. “[Bitcoin] maxis will probably get upset with me on this, but Ethereum is definitely the driver of the markets,” said Quantum Economics Analyst Alexandre Lores in explaining his reading of the price boost.
Senate to Vote Saturday on Crypto Provision Amendments for Infrastructure Bill
On Saturday, lawmakers are expected to vote on the crypto tax provision amendments in the $1 trillion bipartisan infrastructure bill. This comes after senators debated late Thursday on crypto tax exemptions, among other vital issues. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the critical revisions in the amendments to watch for and reasons why lawmakers might be struggling to reach an agreement.
Senators File Crypto Broker Amendment to Infrastructure Bill After Industry Backlash
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest details surrounding the $1 trillion bipartisan infrastructure bill, which sparked backlash from the crypto community, including three senators filing an amendment that would allow for miners, developers and node operators to be exempt from broker tax reporting purposes.
Senators Propose Crypto Tax Exemptions Amendment for $1T Infrastructure Bill
Senators Ron Wyden (D-Ore.), Cynthia Lummis (R-Wyo.), and Pat Toomey (R-Penn.) are proposing an amendment to the $1 trillion bipartisan infrastructure bill that will exempt bitcoin miners and other validators from the crypto tax reporting provision. Kristin Smith, the executive director of the Blockchain Association, discusses the specifics and potential impact of this amendment and what it means for industries outside the crypto world.
Senator Rob Portman Defends Crypto Provision in US Infrastructure Bill
CoinDesk Managing Editor of Global Policy & Regulation Nikhilesh De discusses the latest developments to the $1 trillion bipartisan infrastructure bill, including Senator Rob Portman (R-Ohio) defending the controversial crypto provision currently being debated in the Senate. Plus, Nik's thoughts on notable takeaways from SEC Chair Gary Gensler's remarks Tuesday to the Aspen Institute's forum on security.
Report: SEC's Gensler Eyeing Robust Regulation of Crypto Market
CoinDesk's Nikhilesh De discusses what to expect from SEC Chair Gary Gensler's remarks about crypto at the Aspen Security Forum Tuesday as he eyes more crypto oversight to protect investors. Plus, the latest details swirling around the bipartisan infrastructure bill's proposed crypto tax reporting clauses, including Sen. Pat Toomey's pledge to amend them.
Perianne Boring: Infrastructure Bill's Crypto Tax Provision a ‘National Security’ Issue, 'Harmful' to US Economy
Perianne Boring, founder and president of lobbying group Chamber of Digital Commerce, discusses the $1 trillion bipartisan infrastructure package that looks to raise $28 billion in crypto taxes. "[It's] only going to be harmful to our economy here in the U.S," Boring said. "We could even make a national security argument." Plus, why Rep. Don Beyer's proposed crypto bill is "highly unlikely" that it would pass into law.
Bitmain, ISW Holdings to Launch Crypto Mining Operation in Georgia
Irene Gao of Bitmain, a leading Chinese crypto mining firm and mining hardware producer, discusses the company's new venture: a crypto hosting and mining operation in Georgia in partnership with ISW Holdings. This comes as Beijing continues its tough stance on crypto. Plus, her take on the potential impact of the U.S. Senate's proposed $1 trillion bipartisan infrastructure bill on the mining community.