Tag: crypto regualtion

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US Lawmakers Write to Treasury Department Seeking Amendment On Proposed Crypto Tax Rules

November 16, 2023

Source: Pixabay A group of United States lawmakers have led an effort for a change in the proposed cryptocurrency tax regime announced by the Treasury Department. The group addressed a letter to the Department on Nov 15 urging the body to change its approach to regulating the sector specifically reversing some broad definitions of terms.…
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Fed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System

March 24, 2022

The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citing that it presents risks to the U.S. financial system and could destabilize existing financial institutions. Fed Chair Powell Sees the Need for New Crypto Regulation Federal Reserve Chairman Jerome Powell talked about the need to establish new regulation for cryptocurrency Wednesday…
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