State of Crypto: The Crypto Provision in the Infrastructure Bill Now Depends on Non-Crypto Issues

The crypto industry wants to change a tax provision when the House takes up the Senate's infrastructure bill, but other issues may take precedence.

Policy & regulation  ·  17 August 2021

US Senate Sends Infrastructure Bill to House

The bill contains a broad definition of "broker" for crypto tax reporting requirements that lawmakers and industry advocates sought to change over the past week.

News  ·  10 August 2021

State of Crypto: What Just Happened in the US Senate?

After all the drama of the past week, the industry is right where it was eight days ago.

Policy & regulation  ·  10 August 2021

Senators Reach Compromise on Crypto Tax Provision in Infrastructure Bill

The infrastructure bill's crypto tax provision helped hold up the overall bill last week.

Policy & regulation  ·  9 August 2021

Senate Advances Infrastructure Bill Without Amending Crypto Provision

The Senate could still adopt an amendment to the crypto provision through unanimous consent, but it would require every senator to agree.

Policy & regulation  ·  9 August 2021

Senate’s Infrastructure Bill: What to Expect on Saturday

A handful of lawmakers have expressed support for the Wyden/Toomey/Lummis amendment to the crypto provision.

Policy & regulation  ·  7 August 2021

Updated US Infrastructure Bill Narrows Crypto Reporting Requirement

An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions.

News  ·  2 August 2021

New Infrastructure Bill Looks to Raise $30B Through Crypto Taxes

The draft language could mean a number of individuals interacting with crypto may have to start reporting their transactions.

Policy & regulation  ·  28 July 2021

Senate Banking Committee Bashes Bitcoin’s ‘Phony’ Populism

The hearing was almost certainly the testiest in a trio of crypto-themed inquiries Tuesday morning.

Policy & regulation  ·  27 July 2021

Republican Senator Asks FinCEN to Reconsider Controversial Crypto Rule

The FinCEN rule, proposed under former President Donald Trump, needs to be revisited, Sen. Pat Toomey said Thursday.

Policy & regulation  ·  10 June 2021
Cynthia Lummis

Distributed Ledgers Included in Tech Bill Passed by US Senate

The bill gives a nod toward blockchain and now moves to the House.

News  ·  8 June 2021

Senate Confirms Gary Gensler as Next SEC Chief

It’s official: Gary Gensler is the new chair of the Securities and Exchange Commission (SEC), after a 53-45 vote by the U.S. Senate on Wednesday. Gensler, who was nominated to the position by President Joe Biden in January, previously ran the federal Commodity Futures Trading Commission (CFTC), overseeing the implementation of new regulations around derivatives […]

People  ·  14 April 2021

US Senate Approves $1.9T Stimulus Plan; Measure Now Returns to the House

The Senate passed President Joe Biden’s $1.9 trillion Covid 19 relief package Saturday, a possible positive development for cryptocurrencies. Why this matters to the crypto world:

Markets  ·  6 March 2021
Kelly Loeffler

Former Bakkt CEO Kelly Loeffler Loses Senate Seat

Former Bakkt CEO Kelly Loeffler lost her Senate seat to Democrat Raphael Warnock in a special election Tuesday night.

Policy & regulation  ·  6 January 2021

US Senate Staffers Float Blockchain Voting if Chamber Goes Remote

U.S. Senate staffers, hunting for tech to keep their chamber legislating through crises, floated blockchain voting in an April 30 continuity of Senate memo.

Policy & regulation  ·  4 May 2020