Senator Rob Portman said lawmakers were “still pulling in information” on crypto to formulate the bill, implying he announced it to the public prematurely. A Republican lawmaker from Ohio is preparing legislation that would reportedly be aimed at preventing U.S. citizens from evading taxes on their crypto earnings. In an interview with CNBC’s Squawk Box…
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Zia Ullah Bangash’s potential departure from an important role in facilitating Pakistan’s regulatory environment for crypto had many threatening to withhold votes and demanding answers. Many users on social media have started an online campaign for Pakistan Prime Minister Imran Khan to bring back pro-crypto adviser Zia Ullah Bangash. On Saturday, Bangash, the science, technology,…
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Canadian stock market investors will soon have a wide range of options to choose from when it comes to Ethereum ETFs. While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as…
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After a blanket ban on crypto, Bitcoin is now a talking point for Turkey’s politicians. Shortly after a Friday morning “diktat” from Turkey’s freshly-appointed central bank governor that effectively banned any and all use of cryptocurrency in the country, Bitcoin (BTC) now appears caught in a partisan dustup as a Turkish opposition party leader has…
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The House minority leader said the United States should not take a backseat to China when it comes to digital currencies. Kevin McCarthy, the minority leader in the United States House of Representatives, hinted that both the current secretary of the treasury and the chair of the Federal Reserve may need to reevaluate their positions…
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“My number one recommendation to U.S. regulators is: look at the rest of the world and don’t get out of step,” David Schwartz said in an exclusive interview with Cointelegraph. David Schwartz, chief technology officer at Ripple Labs, says U.S. regulators’ response to the crypto industry may help XRP in the end but is also…
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“We think we’re likely to see one in the coming year or two, but we don’t have a firm timeframe as to when the answer would be yes,” said Todd Rosenbluth. According to an analyst at CFRA Research, VanEck, Fidelity Investments, and Valkyrie Digital Assets may not see their Bitcoin exchange-traded funds, or ETFs, approved…
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“I have nothing to do with the platform,” said Lee Hsien Loong. “It is misleading and done without my permission.” Lee Hsien Loong, Prime Minister of Singapore, claims someone set up a profile on the social token platform BitClout to sell tokens using the information from his Twitter account. In a Facebook post Friday, Loong…
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The former SEC chairman warns that regulation will come both directly and indirectly. Former US Securities and Exchange Commission Chair Jay Clayton has stated that Bitcoin has not been classified as a security for a long time. But speaking on CNBC’s Squawk Box on March 31, Clayton warned that its status as a non-security still…
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The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra. A federal judge has implied that an individual may not have the right to force the Internal Revenue Service, or IRS, to expunge financial records it obtains from crypto exchanges. In granting a motion to…
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