infrastructure bill
Treasury Confirms Miners Exempt From IRS Reporting Rules
After Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed
U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on the news that Powell will get a second term as the head of the central bank. Biden Chooses to Renominate Fed Chair Jerome Powell On Monday, president Joe Biden revealed that […]10 Congress Members Ask Nancy Pelosi to Help Revise Crypto Provision in Infrastructure Law
Ten members of the U.S. House of Representatives have called on House Speaker Nancy Pelosi to address the problem with the crypto provision in the infrastructure law. They explained that the current definition of a broker in the law “would increase uncertainty in the cryptocurrency industry, pick winners and losers … all while eroding our […]US Senator Introduces Legislation to Repeal Infrastructure Bill’s Attack on Crypto Industry
U.S. Senator Ted Cruz has introduced a bill to repeal the $1 trillion infrastructure package’s crypto provision, which he said is a “devastating attack” on the crypto industry. “I urge my colleagues in the Senate to repeal this harmful language that will create regulatory uncertainty and in turn an unnecessary barrier to innovation,” he said. […]US Lawmakers Introduce Bill To Fix Crypto Reporting Requirements Established in Infrastructure Legislation
US congressmen are proposing a new bill aiming to fix the digital asset reporting requirements provided for in the Infrastructure Investment and Jobs Act that President Joe Biden recently signed into law. The $1.2 trillion infrastructure legislation, which will take effect in 2024, includes a clause that amends the definition of “broker” in the tax […]
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US Senators Introduce New Bill That Seeks To Amend Crypto Provision in Newly Signed Infrastructure Package
Two United States senators are introducing legislation to amend the crypto provision of the infrastructure bill that President Biden just signed into law. Reaching across the aisle, Democrat Ron Wyden and Republican Cynthia Lummis seek to revise the new information-reporting rules imposed on the digital asset space. The proposed amendment intends “to revise the rules […]
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As the Dollar’s Purchasing Power Drops, Janet Yellen Stresses ‘Pandemic Calls the Shots’ for the Economy, Inflation
Inflation has continued to make the price of goods and services in America rise as the U.S. dollar’s purchasing power is not what it used to be. Meanwhile, the Obama administration’s former economic advisor, Larry Summers, recently told the press that “We’re going to see inflation of a kind we haven’t seen in 30 years.” […]Senators Introduce Bill to Amend New Crypto Regulations
US President Biden Nears Decision to Choose Fed Chair — Reports Indicate Toss-up Between Powell and Brainard
Following the passing of the Biden administration’s infrastructure bill, the U.S. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal Reserve Board chairperson. According to a few reports Powell may be chosen, but other reports say the Fed’s Board of Governors member, Lael Brainard, could […]