Congress


Videos

SEC Chair Gary Gensler Wants Greater Authority and Resources to Regulate Crypto

In a letter to U.S. Senator Elizabeth Warren, Securities and Exchange Commission (SEC) Chairman Gary Gensler said Congress should grant the SEC greater authority and resources to crack down on the crypto sector.

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Markets

There’s Still Time to Fix Congress’s Crypto-Tax Mess

The Senate has failed to amend a provision that could cripple the U.S. cryptocurrency sector. But the game's not over yet.

Senator Rob Portman (R-Ohio), author of a cryptocurrency tax reporting provision that has stoked intense backlash from privacy and free speech advocates. Portman has clarified before Congress that the measure is not intended to impact miners or other "non-brokers."

Markets

Gary Gensler’s Insane Crypto Policy

Gensler wants to follow in his predecessor's footsteps and treat the crypto industry as something to stifle rather than support.

SEC Chairman Gary Gensler

Markets

2 Senators Propose Exemptions to Crypto Tax Reporting Required by US Infrastructure Bill

The amendment is a compromise between two previously proposed amendments.

Sen. Mark Warner (D-Va.)

Policy

Senate's Infrastructure Bill: What to Expect on Saturday

A handful of lawmakers have expressed support for the Wyden/Toomey/Lummis amendment to the crypto provision.

The Senate voted on its infrastructure bill on Sunday.

Markets

Ohio Sen. Rob Portman Defends Crypto Provision in US Infrastructure Bill

Portman argues his "common sense" provision will provide clarity for the crypto industry by standardizing information reporting of brokers.

Sen. Rob Portman (R.-Ohio).

Policy

State of Crypto: Infrastructure Bill Shows Congress Sees Crypto as Here to Stay

Congress's infrastructure bill may not be great for the U.S. crypto sector, but that there's a tax provision at all shows lawmakers recognize the industry's permanence.

Bitcoin analysts aren't too worried at the moment about Washington's plan for extra crypto taxes.

Markets

Senator Toomey Calls Text of Current Crypto Tax Proposal ‘Unworkable’

The Pennsylvania Republican said the definition of a broker is too broad and would affect bitcoin miners, which should be exempt.

Sen. Pat Toomey (R-Pa.)

Policy

Congress, Don't Rush Regulating Crypto

A sprawling infrastructure bill is the wrong venue for regulating an industry as complex and systemically important as crypto.

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Markets

Updated US Infrastructure Bill Narrows Crypto Reporting Requirement

An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions.

A bipartisan group of U.S. senators drafted an infrastructure bill to be paid for, in part, by broader crypto tax reporting standards.