congress

Ripple to Congress: ‘Please Don’t Paint Us With a Broad Brush’
July 29th, 2019

Ripple sent an open letter to the U.S. Congress intending to explain the differences between various blockchains and digital currencies. In the letteer the company stressed the willingness to cooperate with the authorities.

Zuckerberg Ready to Wait for ‘However Long It Takes’ to Get Libra Regulators Onboard
July 26th, 2019

Mark Zuckerberg has made it clear that Facebook will not launch its Libra crypto until all the regulators have been brought on board and every regulatory issue resolved satisfactorily.

‘Keep Big Tech Out of Finance’ Says the Congress
July 14th, 2019

It seems that big companies as Facebook, Amazon and Google might be forbidden to launch their digital assets. If the Congress’s Bill pass – they could face with paying $1K penalties per day. Even though it’s not likely for bill to pass, it presents another obstacle for Facebook’s Libra.

Tens of US Watchdogs Ask Congress to Halt Facebook’s Libra Development Until the Hearing
July 3rd, 2019

In another attack on the Libra developments, 33 lawmakers have requested Congress to ask Facebook to stop further development on Libra before they answer all their concerns and questions.

IRS to Release In-Depth Crypto Tax Guidance ‘Soon’
May 21st, 2019

According to the IRS, they are now working on comprehensive crypto taxation guidance, which will in-depth explore ‘acceptable methods for calculating cost basis, acceptable methods of cost basis assignment, and the tax treatment of forks’.

US Crypto Enthusiasts Should Vote for Andrew Yang in 2020, and Here’s Why
April 19th, 2019

Andrew Yang, a United States Democratic presidential candidate for the 2020 elections, advocates for clearer crypto regulation and Bitcoin adoption.

US Legislators Aim to Exclude Digital Tokens From Securities Laws
April 10th, 2019

Defining cryptocurrencies has been an ongoing difficulty in the industry as multiple branches within the United States have different ways to govern it. However, one ongoing debate is over whether certain tokens should be considered securities.