PayPal releases new consumer app for crypto, savings and direct deposits

The app offers customers the ability to manage all PayPal-related transactions from a single dashboard. PayPal has announced the release of a new app billed to be a one-stop-shop for all of the digital payment needs of the company’s customers.As previously reported by Cointelegraph, PayPal CEO Dan Schulman stated back in July that the company’s super app was ready for a rollout in the United States.According to a release issued on Tuesday, the new PayPal app will enable users to access all of the company’s digital financial products.The new app covers both crypto and non-crypto use cases with a wallet tab to manage cryptocurrency payments and high yield savings.Indeed, the PayPal announcement included a partnership with online bank Synchrony Bank to provide a high yield savings account via the new app.As part of the announcement, the digital payments giant revealed that customers could receive up to 0.40% annual percentage yield on their savings with the new app as part of the announcement.Customers will also be able to withdraw their earnings from the savings account to the PayPal balance to use in online shopping.Other features mentioned include bill payments, cashback and rebates, as well as direct deposits.

BBA pushes for crypto regulatory clarity in Massachusetts

The Boston Blockchain Association has published crypto regulatory advisory guidelines for lawmakers in Massachusetts to consider. The Boston Blockchain Association, or BBA, together with Boston-based media house Media Shower and the Chamber of Digital Commerce are working to lobby for favorable crypto regulations in Massachusetts.According to a release issued on Monday, the BBA in collaboration with Media Shower and the Chamber of Digital Commerce has released a crypto regulatory toolkit for lawmakers in the state.Dubbed the Massachusetts Edition of the Legislator’s Toolkit for Blockchain Technology, the document reportedly aims to guide policymakers in the state towards enacting laws that will benefit the cryptocurrency industry within the Commonwealth.The policy document reportedly covers five core recommendations for crypto-related legislative actions including tax laws, regulatory sandboxes, and the creation of a working group to study blockchain technology.Legal and regulatory sandboxes often provide a suitable environment for crypto startups to begin early operations within being burdened by onerous laws and guidelines.According to the announcement, the policy document is similar to the Texas Edition of the toolkit developed by the Texas Blockchain Council.The crypto regulatory toolkit comes as Massachusetts lawmakers are considering three cryptocurrency and blockchain-focused pieces of legislation including the Senate Bill 200 that is aimed at studying the novel tech and its areas of application.Related: Massachusetts regulator seeks to revoke Robinhood’s broker-dealer licenseCrypto policy toolkits by industry proponents are becoming a regular feature of the dialog between blockchain groups and policymakers.

US Infra Bill Provision May Force Crypto Users To Report USD 10K+ Transactions

ns who receive any kind of digital asset, has so far escaped public or congressional scrutiny, the non-profit organization that aims to bring legal and regulatory clarity to the proof of stake industry,

'Overlooked' Part of Senate Infrastructure Bill Renews Worries From Crypto Lobby

While many have fretted about a change in tax reporting requirements for digital asset "brokers," another section of the bill has gone mostly unnoticed.

Korean Finance Minister vows to fight moves to delay the crypto tax code

The ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister is not for turning. South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023.The tax code will levy a 20% tax on income generated by crypto transactions in excess of 2.5 million KRW, or about $2100 USD.International media this week reported that the Democratic Party, which holds a slim majority in South Korea’s National Assembly, intends to pass a bill postponing the crypto tax law by the end of October.

South Korean lawmaker: Delaying tax laws on crypto is 'inevitable'

“In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an inevitable situation,” said Noh Woong-rae. Noh Woong-rae, a member of South Korea’s National Assembly and a representative of the country’s ruling party, reportedly plans to postpone a bill clarifying the taxation of crypto until 2023.According to a Thursday report from Naver News, Noh said the Democratic Party of Korea plans to push back against the intention of South Korea’s Ministry of Finance to tax virtual assets starting in 2022.

South Korea to Delay Cryptocurrency Taxation Laws: Report

The Democratic Party of Korea intends to pass a bill that could delay the taxation of cryptocurrency investors.

Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor Says

The regulatory status of cryptocurrency mining remains somewhat undetermined in Ukraine, even after the recent adoption of the law “On Virtual Assets.” However, albeit unregulated, the minting of digital coins isn’t prohibited either, according to a leading advisor on crypto matters at the Ukrainian parliament.

Lawmaker Presents Bill to Regulate Cryptocurrencies in Panama

A Panamanian lawmaker has introduced a bill to regulate cryptocurrencies in the National Assembly.

Bitcoin and Crypto Gain Legal Status in Ukraine

The Ukrainian Parliament has approved a bill that gives Bitcoin and other cryptocurrencies legal standing.

Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market

The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine.

Ukraine Parliament Passes Legislation by Legalizing Crypto

The Ukrainian Parliament has passed a bill draft in the second reading Wednesday concerning legalising and regulating cryptocurrency and other virtual assets, such as tokens.

Ukraine to Bring Crypto into Legal Sphere after ‘Legalization’ Bill Passes

ill was first introduced in the Verkhovna Rada in June 2020 after around a year of formulation by the Ministry of Digital Transformation.

Bill Miller’s Hedge Fund Sees Bitcoin Having ‘Significant Upside Potential’ as Digital Gold

In a report filed with the US Securities and Exchange Commission (SEC), the fund managers for the Miller Opportunity Trust, Bill Miller’s hedge fund, state that “bitcoin has significant upside potential as a form of digital gold.” The report details that despite its volatility, bitcoin’s “risk-reward is attractive.” Hedge Fund Manager Sees Bitcoin’s ‘Significant Upside […]

Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations

A new bill that aims at recognizing Bitcoin as another payment method has emerged in Panama.

Panama Looks to Legalize Bitcoin and Ethereum in Line with El Salvador

Panama has introduced a crypto bill with the aim to legalize Bitcoin and cryptocurrencies.

Panama's crypto-bill will make it 'compatible' with crypto-assets, digital economy

As El Salvador became the first country to make Bitcoin legal tender, another Central American country took a step towards recognizing the importance of cryptocurrencies.

Is Panama Next? Adoption Accelerates As Congressman Presents New Crypto Bill

Panamanian Congressman Gabriel Silva has presented a bill to the legislature promoting cryptocurrency adoption in the Central American nation.

Panama Bill Proposes to Regulate Bitcoin as Alternative Payment Method

Following El Salvador's bitcoin adoption move, Panama has proposed a new bill that will make bitcoin an alternative payment method in the country.

Republic of Panama introduces bill for regulating crypto

New bill in Panama aims to recognize Bitcoin as an alternative payment method and enable freedom to use crypto. Amid Bitcoin (BTC) becoming legal tender in El Salvador, another country in Central America is progressing on its way to enable freedom to use cryptocurrencies like BTC and Ether (ETH).On Sept.

Fund Led by Legendary Investor Bill Miller Says Bitcoin Has Big Potential To Be ‘Digital Gold’

Miller Opportunity Trust, a value-focused fund led by famed investor Bill Miller, believes that Bitcoin has solid upside potential as a form of “digital gold.” In a new investor report, the fund says it saw Bitcoin’s crash in May as an opportunity to acquire the asset through the Grayscale Bitcoin Trust (GBTC) at a discount.

Venture Capitalist Bill Gurley Takes Personal Position In Ethereum, Here’s Why

Investing in Ethereum seems to be top of mind for prominent members of the finance community.

El Salvador Parliament Green-lights USD 150M Bitcoin Fund as Critics Scoff

Bitcoin (BTC) path to becoming legal tender in El Salvador cleared another hurdle, with parliament approving a bill to launch a USD 150m adoption fund – but government critics continue to voice their discontent. The fund’s approval by the National Assembly was never in doubt due to the size of the President Nayib Bukele’s Neuvas Ideas party majority (56 out of

Legislative Assembly of El Salvador approves $150M Bitcoin Trust

El Salvador's government has set aside $23.3 million toward rolling out crypto ATMs and $30 million to incentivize use of the state-backed "Chivo" wallet. El Salvador’s Legislative Assembly has passed legislation creating a $150 million dollar Bitcoin Trust and supporting the development of crypto infrastructure and services across the country. The bill passed on Aug.

Biden Administration Pushes Global Crypto Data Sharing Rules in $3.5 Trillion Budget Bill: Report

The Biden administration is reportedly pushing to include global crypto data sharing rules in the $3.5 trillion budget package.

Treasury attempts to squeeze further crypto-related data sharing provisions in budget bill: Roll Call

Further requirements on crypto firms could be on the way as the administration is looking for new revenue streams. US Department of the Treasury will reportedly push to extend the reach of new rules designed to govern the cryptocurrency space.

Biden’s Administration Pushes For 'Last-Minute' Crypto Additions In Infra Bill

Joe Biden. Source: A screenshot, Instagram/potus US President Joe Biden’s administration is urging Democrats to include more rules on tax compliance for crypto transactions in the forthcoming USD 3.5tn budget reconciliation package.

Venture Capitalist Bill Gurley Prefers Ethereum to Bitcoin, Takes Personal Position in ETH

Venture capitalist Bill Gurley has taken a personal position in ether because he “was swayed by the arguments of the ethereum crowd.” He explained that it is “the smarter way to play if you’re going to have crypto exposure.” Bill Gurley Prefers Ethereum to Bitcoin Bill Gurley, a general partner at Benchmark, a Silicon Valley […]

Treasury Wants Crypto Reporting Rules in $3.5 Trillion Reconciliation Bill: Report

Like the provision in the $1 trillion infrastructure bill, this is all about clamping down on tax evasion.

How does the infrastructure bill affect the mining industry in the US?

The uncertain language — intentional or not — of the infrastructure bill poses an existential threat to the US Bitcoin mining industry. On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure.

The new episode of crypto regulation: The Empire Strikes Back

A decentralized exchange reckoning is coming — and it’s bigger than the infrastructure bill — thus, the DeFi community must be ready. The latest news has left the decentralized finance community in a collective fetal position.

Early Uber Investor Bill Gurley Takes ‘Personal Position’ in Ethereum

Venture capitalist Bill Gurley confessed that he was pretty late to the crypto party—but Ethereum’s community has won him over.

'Surveillance state': Australian police given sweeping new hacking powers

Legislation dramatically expanding the hacking capabilities of Australian authorities investigating suspected cybercriminals has been passed through the country’s Senate. Sweeping legislation allowing officials from the Australian Federal Police and Australian Criminal Intelligence Commission to target suspected criminals online has passed through the country’s parliament with bipartisan support.On August 25, the Identify and Disrupt bill passed through Australia’s Senate, introducing three new warrants allowing authorities to take unprecedented action against suspected cybercriminals.The new warrants include authorizing police to hack the personal computers and networks of suspected criminals, seize control of their online accounts and identities, and disrupt their data.

Industry Grows Lobbying Efforts as US House Takes Up Crypto Tax Proposal (Opinion)

The impending bill on cryptocurrency taxation continues to worry industry insiders, with the latest developments referring to an adverse outcome.

Infrastructure Bill Inches Closer to Law Without Amendments to Crypto Provisions

The US infrastructure bill is moving a step closer to passing in Congress with zero changes to controversial language affecting the cryptocurrency industry.

US Treasury Assures Crypto Requirements in Infrastructure Bill Won’t Target Non-Brokers Even Without Amendment

Despite the broad definition of a broker in the $1.2 trillion infrastructure bill, an official of the US Treasury Department says that non-brokers will not be targeted even if the bill is not amended.

Infrastructure Bill Will Hasten USD Devaluation and Bitcoin Hedging (Opinion)

The growing economic concerns and rising inflation in the US provide opportunities for Bitcoin and crypto to serve as proper alternatives.

Infrastructure bill set for a vote by Sept. 27 with no changes to crypto tax provisions

The House of Representatives will vote on the controversial infrastructure bill without amendments to its cryptocurrency provisions by Sept.

Coinbase Executive Slams Crypto Provision in Infrastructure Bill, Gives List of Suggestions for Lawmakers

Coinbase’s global vice president of tax, Lawrence Zlatkin, is sharing his critique on an editorial response from Bloomberg that discusses the crypto provisions defined in the ongoing US infrastructure bill.  Bloomberg’s op-ed took the stance that the crypto provisions within the original bill will help to bolster the government’s tax revenue from crypto entities paying […] The post Coinbase Executive Slams Crypto Provision in Infrastructure Bill, Gives List of Suggestions for Lawmakers appeared first on The Daily Hodl.

Bitcoin Lobby Fails to Sway House to Amend Crypto Tax Rules

The crypto tax reporting requirements tucked into the $1 trillion infrastructure bill are moving one step closer to becoming law.

Coinbase States Infrastructure Bill Could Impact 60 Million American Crypto Owners

Coinbase’s global tax VP has condemned Congress’s controversial decision to introduce crypto tax provisions into the infrastructural bill.

Coinbase warns infrastructure bill's crypto provisions could impact 20% of US population

Coinbase’s global tax VP has slammed Congress for the controversial crypto tax provisions rushed into the infrastructure deal, warning the bill could impact 60 million Americans.

Is DeFi the real reason behind US infra bill's crypto-inclusions

The US Infrastructure Bill that was passed earlier this month fueled much panic within the Bitcoin and crypto-community due to the last-minute crypto-tax provisions that were added to it.

Here’s Who Could Be ‘Captured’ by New Crypto Provisions in the US, According to Lawyer Jake Chervinsky

Crypto legal expert Jake Chervinsky is laying out exactly how crypto provisions in the new infrastructure bill could impact the cryptocurrency industry.

Crypto language in the infrastructure bill is a political shell game, says Cointelegraph GC

According to Zachary Kelman, Republicans and moderate Democrats may know the tax reporting requirements for crypto firms are impossible, but want to have a provision to fund some of the projects without raising taxes. Zachary Kelman, the general counsel for Cointelegraph, said that the political fight over the tax implications for crypto in the infrastructure bill is nothing new, as it’s likely about how lawmakers plan to pay for everything.In an interview with Cointelegraph's Jackson DuMont, Kelman claimed that Senators pushing the crypto language in the infrastructure bill — which ultimately passed the House of Representatives after one senator objected to a clarifying amendment — may have been more influenced by political concerns than ones potentially affecting the crypto space.

Treasury Dept. wants to ‘capture DeFi’ with infrastructure bill: Jake Chervinsky

General counsel to Compound Labs, Jake Chervinsky, has warned that the Treasury Department wants to “capture” the DeFi sector through the crypto provisions added to the infrastructure bill. The last-minute cryptocurrency provisions added to the US infrastructure bill sought to “capture DeFi,” argues Compound’s general counsel Jake Chervinsky.Appearing on the Bankless State of the Network podcast on August 17, Chervinsky — who is also DeFi Chair of the Blockchain Association — said the industry had been “blindsided” by the infrastructure bill’s crypto tax provisions which were announced just nine days prior to when it was expected to pass through the senate.While Chervinsky seemed willing to give most elected officials the benefit of the doubt, noting that previous discussions surrounding the infrastructure bill had “nothing to do with crypto,” he attributed more sinister motives to the Treasury Department’s role in influencing the legislative process.Conceding he may have donned a “tin-foil hat,” Chervinsky argued that the Treasury Department was looking for an alternate way to invoke the harsh reporting requirements former Treasury Secretary Steve Mnuchin had sought to impose on self-custodied crypto wallets.“This is all about DeFi [...] This is the Treasury Department trying to work out how to get jurisdiction over DeFi [...] and also expand its warrantless surveillance over a peer-to-peer financial system.”Cherversinky stated he was informed that the Treasury Department had initially opposed exempting network validators and software developers from stringent third-party reporting requirements under the bill as it was concerned the altered legislation would not “adequately capture DeFi.”“That’s why we couldn’t get the language changed to only capture the centralized exchanges,” he concluded:“We found out very quickly that it wasn’t just a senator’s misunderstanding [...] The Treasury Departmen

US lawmakers urge CFTC and SEC to form joint working group on digital assets

The letter seems to be applying political pressure for the two government agencies to act on their own rather than waiting for a bill requiring the creation of such a group to become law. Two members of the United States House of Representatives have petitioned the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission to work with participants in the crypto space for transparency and regulatory clarity.In a Monday tweet, Representative Glenn Thompson said he had submitted a letter with Representative Patrick McHenry to the CFTC and SEC, urging the agencies to "establish a joint working group on digital assets.” Thompson and McHenry requested SEC chair Gary Gensler and acting CFTC chair Rostin Behnam to “promote an active dialogue” between federal regulators and participants in the crypto market.“A working group on digital assets would enable both the SEC and CFTC to explore how to effectively use their current jurisdiction cooperatively,” said the letter.

Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: report

Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill.

US Treasury Department Looking To Make Impact of Infrastructure Bill More Crypto-Friendly: Report

The US Treasury Department is reportedly issuing new guidance to address the crypto industry’s concerns over the digital asset provision in the latest infrastructure bill.

Pro-Crypto House Lawmakers Are Fighting Digital Currency Clause in Infrastructure Bill

As the heavily debated infrastructure bill makes its way through Congress, proponents of cryptocurrencies are speaking up in the US House of Representatives in an effort to combat controversial crypto legislation.

Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodler’s Digest, Aug.8-14

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

US Infra Bill Might Prompt Crypto Business Exodus, Treasury Has a Role Too

If the controversial US infrastructure bill is passed in its current form, it may force crypto companies to leave the country as there's no way to comply with the new requirements.

IRS Won't Go After Bitcoin Miners Regardless of ‘Broker’ Definition: Reports

The Biden administration reportedly isn’t interested in applying the Senate infrastructure bill's definition of "broker" to miners, validators, and developers.

Infra Bill Change Hope Alive as House Disquiet at Crypto Provisions Grows

Pressure is growing in Congress with crypto advocates hopeful of convincing the House of the need to amend a much-maligned infrastructure bill that contains a veritable minefield of reporting obligations for miners, validators and software developers. Politico called the effort a “long-shot bid,” but noted that the “small but growing coalition” “also

Senate infrastructure bill isn’t perfect, but could the intention be right?

The provisions of the US infrastructure bill stirred up a heated debate, but many of the fears voiced by its critics are misguided. United States Senators have cast their votes, and the contentious HR 3684 infrastructure bill cleared in the upper Congress chamber.

Biden’s infrastructure bill doesn’t undermine crypto’s bridge to the future

Some saw beneficial effects from the week’s legislative face-off.

Wyoming’s crypto-friendly bill could be a sandbox in action, Sen. Lummis says

The new bill would allow crypto banks to get faster approvals for conducting business in Wyoming. As the United States continues to weigh out the best ways to include crypto businesses through an infrastructure bill, the state of Wyoming has taken proactive measures to attract Bitcoin (BTC) miners and other crypto businesses to its local jurisdiction. Wyoming’s crypto-friendly notion comes into light as the state has passed more than 24 bills related to blockchain technology.

Members of Congress lobby Nancy Pelosi and others to amend crypto tax definition

Anna Eshoo has urged the House to amend the language in the controversial infrastructure bill.

Nancy Pelosi Urged to Amend ‘Harmful’ Cryptocurrency Provision in Infrastructure Bill

US Representative Anna Eshoo has asked House Speaker Nancy Pelosi to amend the crypto provision in the $1.2 trillion infrastructure bill that the Senate passed this week.

Broker licensing for US blockchain developers threatens jobs and diversity

Lower socio-economic groups will be excluded from the blockchain industry if United States lawmakers approve the infrastructure bill. United States lawmakers will soon destroy a massive opportunity for job creation and a diverse workforce in blockchain technology if they do not amend infrastructure bill HR 3684, which would require blockchain developers to attain broker status on US soil.HR 3684 does not recognize the taxonomy of the asset class.

US Senator claims support for crypto amendments despite blocking bill

Senator Shelby claims he supported the cryptocurrency provisions of the amendment to the infrastructure bill that his sole objection blocked from passing the senate. On July 29, Cointelegraph reported that provisions had been hastily added to the infrastructure bill that sought to raise $28 billion through expanded taxation and impose stringent third-party reporting requirements for any entity deemed to comprise a cryptocurrency “broker.”The provision’s broad language sent shockwaves across the crypto community, with onlookers noting that software developers, hardware wallet providers, and miners and other network validators would likely be classified as brokers and required to report information on counterparty network participants that they are unable to collect.

Mark Cuban likens shutting off crypto growth to stopping e-commerce in 1995

Bitcoin proponent Mark Cuban is certainly not happy with the tighter rules for crypto businesses introduced in the new infrastructure bill. Leaders in the crypto industry continue to speak up as the bipartisan $1 trillion infrastructure bill, known for implementing tighter rules on crypto businesses and expanding reporting requirements for brokers, passed the United States Senate.

$1.2 Trillion Infrastructure Bill Passes Senate With Troubling Crypto Requirements

The US Senate has passed the $1.2 trillion infrastructure bill with a crypto reporting requirement provision that has been described as “unworkable.” Senator Ted Cruz warned: “This infrastructure bill has in it a portion that is designed to obliterate crypto.

Pro-Crypto Congressmen Send Letter to All House Representatives Sounding Alarm on Infrastructure Bill

Republican Representative Tom Emmer of Minnesota is leading a new push to modify cryptocurrency provisions in the infrastructure bill.

Infrastructure bill passes US Senate — without clarification on crypto

"This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation,” said Senator Toomey. The fight for lawmakers to clear up the language used to define brokers in the crypto space may be moving to the United States House of Representatives soon after a failed attempt in the Senate.In a 69-30 vote, the Senate passed HR 3684 this morning, a bipartisan bill that proposes roughly $1 trillion in funding for roads, bridges and major infrastructure projects.

US Senate Passes Infrastructure Bill

The US Senate passed a USD 550bn infrastructure plan with the original crypto tax provision.

Senate Passes $1.2 Trillion Infrastructure Bill, Crypto Tax Debate Heads to House

Members of the Congressional Blockchain Caucus say they have "concerns" over the new tax reporting requirements on crypto users.

Cardano Founder Charles Hoskinson Calls For Mass Rally Against US Crypto Taxation Bill

Hoskinson has called on crypto proponents and enthusiasts in the US to rally against the controversial infrastructure tax bill. 

Bitcoin ‘golden cross’ due in days as bears draw a line at $47K BTC price

Vote day for the Senate infrastructure bill is here, while BTC price action continues to cement higher support. Bitcoin (BTC) returned to $46,000 after a brief consolidation on Tuesday amid continued surprise at the strength of BTC’s price comeback.BTC/USD 1-hour candle chart (Bitstamp).

Crypto Industry Finds Bright Side after Infra Bill Amendment Fails

The Apotheosis of Washington in the eye of the US Capitol Building's Rotunda depicts George Washington rising to the heavens in glory, flanked by female figures representing Liberty and Victory/Fame and surrounded by six groups of figures.

Bitcoin Dipped and Recovered: The US Infraestructure Bill Drama Was Just a Bump For The BTC Price

Analyst are nervous about the negative implications of the US Infraestructure Bill, but crypto traders are not.

US Senators Made Bipartisan Compromise on Crypto Clause in Infrastructure Bill

The group of Senators pushing for amendments to the Infrastructure Bill has arrived at a compromise as confirmed in a press conference held on Monday.

'We'll be back on this' — Alabama senator derails crypto amendment with two words

"Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge," said Senator Pat Toomey. A compromise which proposed amending provisions in the bipartisan infrastructure deal on crypto failed to meet the requirements of a unanimous consent request in the Senate, making the bill likely to go to a full vote without additional changes.This afternoon, Senator Tom Carper, the Democratic floor manager for infrastructure bill HR 3684, put forth the compromise amendment agreed upon earlier today by Senators Pat Toomey, Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema and Ron Wyden on providing clarity for what defines a crypto broker.

Bitcoin Lobby Loses: Senate Rejects Revised Crypto Tax Provisions in Infrastructure Bill

Senators today called for a unanimous vote to revise crypto tax provisions in the $1 trillion infrastructure bill in a last-ditch effort to exempt certain users.

Bitcoin Breaks $45K As Community Rallies Against Infrastructure Bill – eToro Crypto Roundup

Market shrugs off regulatory onslaught to reach prices not seen since May.

US Senators and Treasury Reach Agreement on Crypto Requirements in Infrastructure Bill

Five US senators have been working with the Treasury Department and have come up with a compromise crypto amendment to the $1.2 trillion infrastructure bill.

US infra bill: Bitcoin and crypto community 'would be pleased with the outcome' IF this happens

Controversial crypto provisions to the US infrastructure bill have been the talk of crypto town for almost a week now.

BREAKING: US lawmakers behind crypto amendments to infrastructure bill introduce compromise

The new compromise amendment could still be added to HR 3684 through a unanimous consent request — provided no senators object. United States Senators putting forth differing amendments for provisions in the infrastructure deal that apply to crypto have reached a compromise after a legislative setback. In a press conference on Monday, Senator Pat Toomey said there was now a bipartisan agreement on an amendment to infrastructure bill HR 3684, backed by Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema and Ron Wyden.

Senate Reaches Last-Minute Deal on Crypto But Hurdles Remain

Senators Lummis and Toomey say there’s deal that could break the log-jam over who the infrastructure bill will define as a crypto "broker."

US Senate Vote in Favor of Amendment That Threatens Crypto Industry

The US Senate has adopted an amendment to President Biden’s infrastructure bill that spells bad news for the crypto industry.

Infrastructure Bill: Is Treasury Sec Against the Proposed Amendments?

US Treasury Sec is opposed to the pro-Bitcoin amendments to the infrastructure bill.

Senator Lummis: Voting on Infrastructure Bill Amendments Will Be a Win for the Digital Asset Community

With all forms of Amendment on the Infrastructure Bill under threat, Sen Lummis has explained why the crypto industry will win should an amendment be voted on.

BTC price caps $4K weekly gains: 5 things to watch in Bitcoin this week

A third week of solid bullishness for BTC/USD comes as headwinds mount and gold tumbles to more than four-month lows. Bitcoin (BTC) is delighting bulls as it heads into a new week after closing a weekly candle in which it gained another $4,000 — can it hold?After spending much of the previous seven days hitting but then descending from local highs, sentiment was mixed going into the weekend.In the event, Saturday and Sunday turned out to be just what bulls had been waiting for, with Bitcoin passing multiple resistance lines and going on to top $45,000.With a sense that there is everything to play for, bulls are now confident but mindful of the fact that in Bitcoin, anything can happen.Cointelegraph presents five factors that may influence BTC price action in the coming days.Tuesday D-Day for infrastructure billLike last week, the specter of United States legislators hangs over the cryptocurrency industry on Monday.The infrastructure bill, as it is informally known, continues to attract fierce debate and is expected to be put to a vote on Tuesday.Within the $1-trillion bill is a $30-billion cryptocurrency issue that seeks to overhaul tax obligations for businesses.

Last-gasp Infra Bill Compromise May not Come Fast Enough to Save US Crypto

It could be a case of close but no cigar for the United States crypto sector – with two rival groups of senators agonizingly close to a compromise on a chaotic and much-maligned infrastructure bill on the cards, just as time is running out. The Senate had hoped to vote on the measure on Saturday, but ultimately ran short on time, leading to a vote to wrap up debate

Unchanged crypto tax bill will be put to a vote on Tuesday

Senate talks regarding the controversial crypto provisions to the US infrastructure bill have ended without amendment, suggesting the original bill will be voted on come Tuesday. The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on any crypto firm deemed to comprise a “broker.”On August 9, general counsel to Compound Finance, Jake Chervinsky, tweeted that the Senate had voted 68 in favor to 29 against ending debate surrounding the provisions, halting discussions until Tuesday’s final vote.However, Chervinsky emphasized that the Senate could still pass an amendment to the bill by unanimous consent before the final vote.Senate talks over the controversial cryptocurrency tax provisions to the US infrastructure bill have stalled, with an unamended version of the bill set to be put to a vote on Tuesday.Sunday night infrastructure bill update:The Senate has voted 68-29 to end debate.

New Bitcoin Tax Plan Stifles Blockchain Technology

After a fierce debate exploded over how to tax cryptocurrency, a bid to pass an infrastructure bill worth approximately $1 trillion has stalled in the US senate.

Jack Dorsey has a 'workable simplification' for crypto tax provision

The lack of regulations in the field of cryptocurrencies once again emerged as a pain point when the United States government released its proposed tax provisions, as part of the Infrastructure Bill.

Twitter’s Jack Dorsey Describes the Term “Broker” in Ongoing US Crypto Tax Bill Controversy

Joining other crypto proponents, Jack Dorsey has asserted what the "broker" term should mean, which is so wildly used in the US crypto taxation bill. 

US Senator Warns Passing Unproven Crypto Law Will Stifle Innovation and ‘Make Americans Poorer’

US Senator Mike Lee has raised concerns that adopting the crypto tax provision in the $1.2 trillion infrastructure bill will stifle innovation and make Americans poorer.

Ukrainians to Trade and Spend Cryptocurrencies Legally, Digital Ministry Says

Residents of Ukraine will be able to legally keep, exchange, and spend cryptocurrencies once the new virtual assets law is adopted.

Ukraine: New bill might soon make it 'quite legal to pay with cryptos'

While many countries are trying to ban cryptocurrencies due to economic concerns, Ukraine has taken a positive step towards legalizing cryptocurrencies.

America’s Crypto Leaders Sound the Alarm Before Today’s Infrastructure Bill Vote

Two competing amendments to an infrastructure bill differ over who has to hand over customer info to tax authorities.

New Bill in Ukraine Would Legalize Crypto and Protect Owners of Digital Assets

The Ukrainian parliament is working on a bill that would legalize cryptocurrencies in the Eastern European country.

Treasury Secretary Yellen Privately Lobbies Against Tax Amendment Crypto Industry Wants: Report

US Treasury Secretary Janet Yellen has reportedly raised objections to lawmakers about the cryptocurrency tax amendment to the $1 trillion infrastructure bill that is supported by the crypto community.

Biden Administration Weighs In on Competing Crypto Amendments As Final Vote Approaches

The White House is weighing in on a last-minute dash to modify a set of cryptocurrency tax provisions in the bipartisan infrastructure bill.

Senate on the Brink of Passing Bill That Threatens Crypto. Here’s What Happens Next

There's no certainty that two amendments to a crypto provision within the infrastructure bill will get a vote.

Yellen's Treasury Behind Anti-Crypto Tax Provision in Senate Bill: Report

Janet Yellen reportedly influenced a debate in the US Senate over crypto taxation as part of a push by Treasury to crack down on crypto.

New Bill in Spain Seeks To Enable Crypto-Based Mortgages

Lawmakers in Spain are proposing a new law that would allow homeowners to pay their mortgages using cryptocurrency.

US Congress to Vote on New Cryptocurrency Taxation Bill Supported by President Biden Tomorrow

The US Congress is expected to vote on a new bill in regards to cryptocurrency taxation on August 7th - here's what we know so far.

Treasury Secretary reportedly against amending crypto language in infrastructure bill

Janet Yellen's position on a "compromise" amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis, and Toomey. On Wednesday of this week, several US senators proposed an amendment to an infrastructure bill which would clarify language concerning crypto.