The bill proposes to recognise cryptocurrency as property for purposes of taxation.
If passed the bill would amend tax laws to recognize digital currencies as a form of property.
The window of opportunity for investors to cash out to fiat is expected to be between three and six months.
The bill was introduced to bring blockchain tech on par with traditional contracts and recordkeeping.
A newly introduced blockchain bill aims to provide a "welcoming" environment for fintech companies in a bid to stimulate growth and jobs.
The move is bound to make potential and current crypto investors outside the country uneasy as well.
Sen. Mike Flood wants to make Nebraska a financial technology hub and create jobs.
Women of color from the cryptocurrency industry are concerned the STABLE Act would make wealth disparities in the U.S. much worse.
Strapped for international currencies, Iran is turning to cryptocurrency to allow imports to continue flowing.
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said.
The Consumer Safety Technology Act will now be debated in the House of Representatives.
U.S. Senate bills meant to crack down on encryption could have negative effects for privacy-oriented tech, including cryptocurrencies, entrepreneurs and critics say.
Harsh new rules for using and issuing digital assets without a license might soon become law in Russia.
A new bill in Congress asks the U.S. Federal Trade Commission to consider a national blockchain strategy.
The central bank is in favor of digital securities, but maintains cryptocurrencies shouldn't be allowed in Russia.