News list for " Congressman"
The U.S. House of Representatives is working on a draft cryptocurrency tax bill called the Digital Asset PARITY Act, which would exempt stablecoin transactions under $200 from capital gains tax, with a five-year tax-deferred option for staking and mining rewards.
The US Treasury has sparked strong criticism from lawmakers over plans to issue a $1 commemorative coin for President Trump to celebrate the 250th anniversary of American independence. The commemorative coin is designed to celebrate the 250th anniversary of American independence, with Trump's head on the front and an image of him raising his fist in front of the American flag on the back. It is printed with the words "Fight, Fight, Fight". Democratic Senator Chris VanHollen challenged at a Senat...
Warren, a Democrat, called on Senate Democrats to oppose the measure, warning that it would open the door for big tech companies to take over the dollar.
U.S. Rep. Hill said Trump should cooperate with Congress on the issue of bitcoin reserves.
According to Fox News, Tether is in direct talks with U.S. lawmakers on stablecoin legislation to influence how the U.S. regulates stablecoins.
US Republican Congressman Anna Paulina Luna will lead a new working group that will be responsible for the "declassification of federal secrets". It is reported that the working group will release classified documents related to the assassinations of former US President John F. Kennedy, former Attorney General, former US Senator Robert Kennedy, and civil rights leader Martin Luther King, according to an executive order signed by President Trump. In addition, the working group will also be respon...
Musk expressed support for former Congressman Ron Paul to lead the Federal Reserve's audit.
Arizona Rep. David Marshall introduced House Bill 2387, which proposes strict regulation of cryptocurrency ATM operations. This follows a series of such incidents in the state, including a woman who was defrauded of $17,000 by scammers. The proposed bill would implement several protections, including: Daily trading limit of $1000 Mandatory state operator licensing Required refund policy options
U.S. Representatives French Hill and Brian Steele have released a discussion draft of a bill that would establish a regulatory framework for U.S. dollar-pegged payment stablecoins. The legislation would impose a two-year ban on the issuance of "endogenous collateralised stablecoins", meaning issuers would be prohibited from creating stablecoins backed by self-issued digital assets. In addition, it would require the US Treasury to promote research on stablecoins. Before the draft bill was release...
Illinois Congressman John Cabello introduced HB1844, which proposes the establishment of a strategic bitcoin reserve fund at the state Treasury. The bill, which requires bitcoin to be held in state custody for at least five years before it is allowed to be transferred, sold or converted into other cryptocurrencies, has been sent to the rules committee for final approval by lawmakers.
