cryptocurrency regulation us

Ron Paul: I Am All Up For Cryptocurrencies, I Love Competition
July 16th, 2019

Ron Paul, former congressman, and ex. presidential candidate called cryptocurrencies a ‘great idea’. He likes competing currencies and is a long-time proponent of winding down the Federal Reserve and radically restructuring how US dollar is issued.

U.S. Treasury Secretary: Bitcoin, Libra Pose National Security Threat
July 16th, 2019

The Treasury Department has concerns that Libra, as well as Bitcoin, could be misused by terrorist financiers and money launders, to carry out illicit activities ranging from cybercrime to tax evasion, extortion, and ransomware.

Facebook to the U.S. Lawmakers: Libra Will Work With Policymakers and Respect Privacy
July 10th, 2019

Facebook blockchain lead David Marcus sent a letter to U.S. lawmakers in which he addressed multiple questions asked by the government. Facebook says it will respect consumer privacy and is willing to work together with regulators.

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.

As Global Regulators Demand More Insights Into Facebook’s Libra, Switzerland Remains Calm
June 26th, 2019

Facebook’s Libra project is drawing scrutiny from global regulators soon after the announcement last week. After the US, European regulators have asked the company to furnish more details about its cryptocurrency plans.

US Congress Calls For Second Hearing on Facebook’s Libra in July
June 25th, 2019

The chairwoman of the House Financial Services Committee Maxine Waters announced that the panel will hold the second hearing next month on Facebook’s plan to develop a cryptocurrency-based payments platform Libra.

France Makes G7 Crypto Task Force to Examine Facebook’s Libra
June 21st, 2019

France decided to create a G7 taskforce in order to examine the ways how central banks can regulate Facebook’s Libra.

Senate Schedules July Crypto Hearing on Facebook’s Libra Coin
June 20th, 2019

The U.S. Senate Banking Committee will hold a hearing on July 16 about Facebook’s new cryptocurrency, Libra. The hearing came after members of Congress said there is a need to more closely examine Libra and its potential risks.

Facebook Asked to Pause Work on Libra, World Politicians Skeptic
June 19th, 2019

The original goals of Libra were decentralizing control of currency and enabling anonymous or at least pseudonymous payments. One of the top House Democrats wants Facebook to temporarily stop developing Libra Network.

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’.