Lawmakers Financial News

25.02 / 03:13

Government defi regulation lawmakers A project to fund effective policy advocacy and educate lawmakers about the positive potential of Web 3.0

While many marvel at the growth cryptocurrency and Web 3.0 communities are experiencing, they fail to consider the opposing side of the coin (or, dare one say, token). Traditionally, new technologies have continued to follow a cycle in which they rise to the world's attention and its legislators, only to have bad actors abuse their power and consequently have the need for reform arise. Although oversight has proven to offer many benefits, such as instilling confidence in institutional investors, the opposite can be true if the right voices aren't being represented.

19.02 / 01:39

Government Bitcoin lawmakers Crypto miners Georgia lawmakers consider giving crypto miners tax exemptions in new bill

Five members of the Georgia House of Representatives have introduced a bill that would exempt local crypto miners from paying sales and use tax.

18.02 / 20:37

Law Stablecoin lawmakers Wyoming lawmakers introduce legislation for state-issued stablecoin

Four members of the Wyoming Legislature have sponsored a bill which would allow the state treasurer to issue a stablecoin.

16.02 / 18:43

COST Racing lawmakers Some Lawmakers Want to Halt Gas Tax Amid High Inflation. Others See a Gimmick

WASHINGTON—A push by some Senate Democrats to suspend the federal gasoline tax is running into opposition from both Republicans and other Democrats, presenting a challenge to the nascent attempt to reduce rising pump prices that have worried the White House.

10.02 / 10:59

Bitcoin lawmakers US lawmakers crypto rules US lawmakers urge crypto rules to protect investors

WASHINGTON — The head of the Commodity Futures Trading Commission called on lawmakers on 9 February to grant his agency authority to regulate cryptocurrencies such as bitcoin, saying the "speculative fervour" around such assets has left investors in need of protection.

09.02 / 02:27

lawmakers IRS’s Struggles With Backlogs Draw Scrutiny From Lawmakers, Taxpayers

WASHINGTON—Lawmakers pressed for solutions to the Internal Revenue Service’s paperwork backlog, which continues delaying millions of refunds from tax year 2020 and slowing taxpayers’ ability to get answers from the government.

07.02 / 11:39

Patrick lawmakers Lawmakers Signal Stopgap Spending Bill Needed as Talks Continue

WASHINGTON—Negotiators remained locked in talks about overall spending levels for the current fiscal year and special items such as Covid-19 funding, with lawmakers set to turn this week to a short-term bill to keep the government running if no deal is reached.

04.02 / 21:37

Law Winter Olympics lawmakers US lawmakers US lawmakers issue warnings about digital yuan as Winter Olympics kicks off

With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events.

03.02 / 20:51

Government IRS Taxes lawmakers US lawmakers US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200.

24.01 / 23:37

Investments stocks Congress lawmakers end House members call for an end to lawmakers trading stocks — is crypto next?

Congresspeople currently HODLing or actively trading in crypto may have to stop doing so while in office if recent pushes to ban lawmakers from investing in stocks gain enough support.

21.01 / 19:13

Law us government Congress lawmakers hearing Crypto Policy Lawmakers explore Bitcoin mining efficiency, broader crypto policy issues during Congress hearing

On Jan. 20, the Oversight and Investigations subcommittee of the U.S. Congress House Energy and Commerce Committee convened a hearing to investigate the environmental effects of cryptocurrency mining. Despite the narrow focus, the conversation that ensued – which many industry experts appraised as a meaningful educational experience for the lawmakers – touched upon a range of blockchain-related issues and themes beyond energy consumption. Here is how it went down, and what comes next.

21.01 / 11:43

regulation proof-of-work Bitcoin lawmakers hearing Team Proof-of-Work Educates Lawmakers at Bitcoin Mining Hearing in US

Questions ranged from whether Bitcoin (BTC) could potentially transition to a proof-of-stake (PoS) consensus mechanism, to whether crypto mining can be considered “wasteful,” as lawmakers in the US House of Representatives discussed the energy impact of crypto mining during a hearing on Thursday.

20.01 / 19:11

proof-of-work Bitfury Bitcoin lawmakers hearing US lawmakers Watch Mining Hearing Live: Bitcoin Is More Energy-Efficient than Banks, Bitfury CEO Tells US Lawmakers

Traditional banking requires 2.5 times the amount of power as Bitcoin (BTC) to produce the same amount of value, and only proof-of-work (PoW) provides “a truly trustless system,” according to Brian Brooks, CEO of major blockchain technology firm Bitfury and a former Comptroller of the Currency in the US.

16.01 / 21:59

World Health Organization pandemic Eco-friendly lawmakers French lawmakers ban unvaccinated from public venues with new virus law

France’s parliament approved a law Sunday that will exclude unvaccinated people from all restaurants, sports arenas, and other venues — the central measure of government efforts to protect hospitals amid record numbers of infections driven by the highly contagious Omicron variant.

13.01 / 12:27

CFTC regulation coinbase lawmakers Coinbase to Launch Crypto Derivates in US, While Lawmakers Urge CFTC to Beef up Crypto Regulation

The crypto exchange giant Coinbase wants to launch crypto derivatives products, but claims that it will do so in a “robust and holistic” manner, as part of a plan to help form a “regulated” derivatives market – but American lawmakers want tighter regulation in the sector.

07.01 / 21:41

Government regulation UK government lawmakers UK lawmakers form crypto advocacy group for parliament: Report

Lisa Cameron, a member of parliament for the United Kingdom’s House of Commons, is reportedly chairing a lobbying group aimed at promoting crypto-related legislation in government.

22.12 / 10:53

Digital Bitcoin lawmakers US lawmakers crypto rules US lawmakers pushing for light-touch crypto rules also own digital assets

Senators Pat Toomey and Cynthia Lummis sit on the powerful Senate Banking Committee and have been advocates for a light government touch towards the growing — and largely unchecked — cryptocurrency market.

21.12 / 11:43

Digital Bitcoin lawmakers US lawmakers crypto rules US lawmakers pushing for light-touch crypto rules also own digital assets

16.12 / 22:01

cryptocurrency Energy Bitcoin lawmakers Crypto miners Russian Crypto Miners Tell Lawmakers: ‘Hurry up and Legalize Our Industry’

Russian crypto miners say they want their industry to be legalized – and hope that official status could help them avoid spats with power providers.

08.12 / 20:31

Digital Waters Future lawmakers Crypto chiefs tell lawmakers the tech behind digital coins is promising for the future

WASHINGTON — Cryptocurrency chief executives appeared before Congress on 8 December to argue that their technologies hold promise for the future, as lawmakers and regulators wrestle with how to bring the more-than-$2tn market under government oversight.

07.12 / 21:31

Cooper lawmakers Deal Lawmakers Close In on Debt-Ceiling Deal

WASHINGTON—House leaders introduced legislation that would pave the way for Democrats to raise the debt ceiling in the Senate without Republican support, as lawmakers closed in on a procedural agreement to resolve the partisan clash over lifting the government’s borrowing limit.

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