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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...
Reps. Jared Polis and David Schweikert, co-chairs of the Congressional Blockchain Caucus, along with Rep. Tom Emmer, sent a letter to CFTC Chairman Christopher Giancarlo and SEC Chairman Jay Clayton...
Money Transmission Licensing is broken. Here’s how to fix it.
Last week the Chairmen of the SEC and CFTC co-authored an op-ed in the Wall Street Journal that, among other things, called for a “revisit” of the policy thinking behind...
The Need for a Federal Alternative to State Money Transmission Licensing
The several states rather than the federal government are the primary regulators of money transmitters. State-by-state money transmission licensing is inefficient because transmitters provide a networked good that inherently crosses...