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U.S. Congress: CryptoCurrency Comprehensive New Bill

Posted by Rick Gold on December 01, 2021 - 10:57pm


Repesentative Beyers (D-Va) seeks to define and regulate all digital assets with a new 58 page bill which Beyer introduced Thursday, seeks to create an exhaustive regulatory regime for digital assets. It would do so in part by defining which sorts of cryptocurrencies might be securities, which can be treated as commodities, and bolster tax data collecting for reporting purposes. It will probably be amended as it works it's way through Congress but at least Congress is starting to react to the crypto space. You can read the full yahoo article here: https://finance.yahoo.com/news/crypto-bill-us-congress-most-120000348.html?fr=sycsrp_catchall

 

M H thanks for sharing, Rick
December 2, 2021 at 10:09am
Simon Keighley Let's hope this new Bill turns out friendly towards the crypto and blockchain space. Thanks for sharing, Rick.
December 2, 2021 at 9:35am