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US Congress Members Clash on the Potential Effect of Proposed Tax Rules on the Crypto Industry

2023-08-29 by admin Leave a Comment

US Congress Members Clash on the Effect of Proposed Tax Rules on the Crypto Industry

Members of the U.S. Congress have expressed concerns about the possible problems that implementing the newly proposed crypto tax reporting requirements could create in the entire industry. Patrick McHenry, Cynthia Lummis, and others reacted differently to the potential effects of these proposals on decentralized finance platforms and stablecoins. U.S. Congress Members Concerned Over New Tax […]

US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP

2023-07-15 by admin Leave a Comment

US Lawmakers Call on Congress to Pass Law Upholding SEC v Ripple Ruling on XRP

Several U.S. lawmakers have called on Congress to pass crypto legislation following the court ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “Gary Gensler’s SEC cannot continue to pursue its regulation by enforcement approach, which only harms investors and creates uncertainty,” said one lawmaker. US Lawmakers Call on Congress […]