Why the U.S. doesn’t need a tax on mining: Senator Lummis explains

2024-7-25 18:17

Senator Cynthia Lummis released a report opposing the proposed 30% energy excise tax on miners. The politician published a report entitled “Powering Down Progress: Why A Bitcoin Mining Tax Hurts America,” which examines the Administration of U.S. President Joe Biden’s…

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Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year

Wyoming Republican Senator Cynthia Lummis plans to introduce a comprehensive bill next year covering tax taxation of digital assets and their categorization to consumer protections. Lummis, who is also a Bitcoiner and one of the most vocal crypto advocates, will also be pitching Congress on creating a crypto regulatory body under the joint jurisdiction of […] The post Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year first appeared on BitcoinExchangeGuide.

2021-12-24 16:56


Musk on Proposed Crypto Tax Provision -‘Not the Time to Pick Winners or Losers in Crypto Technology’

Tesla CEO Elon Musk has weighed in on the discussion surrounding a proposed crypto tax provision. The provision, part of the infrastructure bill, will go to a vote on August 7. Meanwhile, United States senators Patrick Toomey, Ron Wyden, and Cynthia Lummis have suggested an amendment to that provision, working in favor of Proof of Work miners.

2021-8-7 13:34


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Republicans introduce bill forcing Gary Gensler to testify biannually

Senate Republicans have introduced legislation that would require the SEC chair, currently Gary Gensler, to testify before Congress twice a year.  This move comes amid mounting criticism of SEC Chair Gary Gensler’s leadership and the agency’s approach to regulating the…

A ‘pro-crypto’ congress is coming: Coinbase CLO

In an interview, Paul Grewal, Coinbase’s Chief Legal Officer, said that a shift is coming in the U. S. crypto legislative landscape. He forecasted the emergence of a “pro-crypto” Congress following the 2024 elections.