Joe Biden


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Biden Nominates Powell For a Second Term as Fed Chair, Appoints Brainard Vice Chair

U.S. President Joe Biden has nominated Jerome Powell for a second term as the Federal Reserve chair, after much speculation that Fed Governor Lael Brainard could replace him to lead the central bank for the next four years. Brainard will be the Fed’s vice chair when the nomination is officially signed.

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Biden Nominates Jerome Powell for New Term As Fed Chairman

U.S. President Joe Biden has nominated Jerome Powell as Chairman of the Federal Reserve for a second term. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what we know and what this means for future crypto regulation.

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Biden to Renominate Powell as Fed Chair and Appoint Brainard as Vice Chair

The president cites Powell’s stewardship of the economy during the pandemic.

Fed Chair Jerome Powell speaks Wednesday at a virtual press conference. (Federal Reserve, modified by CoinDesk)

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President Biden Signs $1T Infrastructure Bill With Crypto Broker Reporting Requirement Into Law

U.S. President Joe Biden has just signed into law the $1 trillion bipartisan infrastructure bill that contains a controversial crypto provision that potentially expands the definition of a "broker." "If this goes through ... it's going to make it very difficult for crypto to really flourish in the U.S.," said host Naomi Brockwell. "It's going to push innovation off shore."

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President Biden Signs Infrastructure Bill Containing Crypto Broker Reporting Requirement Into Law

Sen. Cynthia Lummis and others are now attempting to narrow the scope of the law’s crypto broker clause with a separate bill.

U.S. President Joe Biden

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President Biden Signs Infrastructure Bill Containing Crypto Broker Reporting Requirement Into Law

President Joe Biden signed the $1 trillion bipartisan infrastructure bill into law Monday, containing a controversial cryptocurrency tax reporting requirement. CoinDesk’s Nikhilesh De discusses the potential industry repercussions for the crypto community.

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Why Crypto Should Modify the Section 6050i Tax Change, Not Fight It

The amendment requires people engaged in “trade or business” to collect information about those who make purchases in excess of $10,000 using banknotes and coins.

The IRS building in Washington, D.C. (Stefani Reynolds/Bloomberg via Getty Images)

Finanza

MakerDAO’s Christensen Turns Optimistic After US Stablecoin Report

The founder of the crypto lender and stablecoin issuer had feared the worst about potential regulation.

MakerDAO founder Rune Christensen on CoinDesk TV

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US House Passes Unamended Infrastructure Bill to President Joe Biden

The U.S. House of Representatives passed a $1.2 trillion bipartisan infrastructure bill with a controversial cryptocurrency tax reporting requirement, which is now awaiting President Joe Biden's signature. Executive Director of crypto trade group Blockchain Association Kristin Smith discusses the possible benefits and consequences of the bill for miners, crypto holders, and their taxes.

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