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A proposed compromise on the infrastructure bill's crypto language dies

A proposed compromise on the infrastructure bill’s crypto language dies

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advertisement A late-game attempt to make changes to controversial cryptocurrency tax reporting requirements included in the Senate’s infrastructure bill died on Monday evening. Senator Pat Toomey presented an amendment to exempt certain network operators from Internal Revenue Service reporting requirements before the Senate, as it was working to pass the infrastructure package. Due to the …

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Proposed financial literacy law that calls for crypto education advances in Georgia

Proposed financial literacy law that calls for crypto education advances in Georgia

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The Georgia House of Representatives passed a bill that calls for state education officials to develop a program focused on financial literacy, with cryptocurrency highlighted as a specific area of learning. The bill cleared the lower chamber of the Georgia legislature on March 8 by a vote of 169-2, with four no-votes and five excused. …

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US representatives ask Mnuchin to extend comment period for proposed wallet rule to traditional 60 days

US representatives ask Mnuchin to extend comment period for proposed wallet rule to traditional 60 days

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Eight members of Congress have sent a letter to Treasury Secretary Steve Mnuchin expressing concern over the shortened comment period for the Treasury’s recently proposed rule for virtual currency transactions. The Financial Crimes Enforcement Network (FinCEN) issued a notice of proposed rulemaking that would require more stringent know-your-customer and reporting measures for exchanges, cracking down …

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