Congress warns Treasury on unusually short cryptocurrency short rulemaking
Closing 2020 out with a bang, a bipartisan group of members of Congress joined in the chorus of protests to the process by which the Department of Treasury is seeking...
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The Unintended(?) Consequences of the STABLE Act
The recently introduced STABLE Act aims to ban any stablecoin that is not issued by a federal bank. Yes, any stablecoin irrespective of whether it is issued by a state-regulated...
Two new bills in Congress would clarify agency jurisdiction over cryptocurrency
Three longstanding policy issues facing cryptocurrency technology are being addressed by two new bi-partisian bills introduced in the House today: (1) the patchwork of state-by-state licensing of exchanges, (2) the...
Congress takes a step toward a de minimis exemption for everyday cryptocurrency transactions
The Virtual Currency Tax Fairness Act of 2020 was introduced with bipartisan sponsors in Congress today. It would create a sensible de minimis exemption for low value cryptocurrency transactions in...
Three pro-cryptocurrency bills are being introduced in Congress
Update - 1/14/2019: The Blockchain Regulatory Certainty Act has been reintroduced by Reps. Emmer and Soto. We applaud this bipartisan approach. Today Representative Emmer from Minnesota's 6th congressional district and Representative...
Several members of Congress have sent a letter to the IRS calling for cryptocurrency tax clarity.
Today's letter, published by House Ways and Means Committee Chairman Kevin Brady, calls on the agency to “expeditiously issue more robust guidance clarifying taxpayers’ obligations when using virtual currencies.” It is...
In today’s hearing, Congressman Emmer (R-MN) had an excellent line of questioning for the Director of the SEC’s Division of Corporation Finance, William Hinman, on the subject of open blockchain...
The Joint Economic Committee of the Congress has submitted it’s 2018 Joint Economic Report. For the first time, the report includes a chapter on cryptocurrencies [PDF] that we are pleased...
House Financial Services Committee: Examining Cryptocurrencies and ICO Markets
Testimony before the Capital Markets, Securities, and Investment Subcommittee of the House Financial Services Committee More information.
Our director of research has been invited to testify at next week's House Financial Services committee hearing entitled “Examining the Cryptocurrencies and ICO Markets.” Livestreams are typically available on committee websites when the...