House committee removes proposed tax deferral for digital asset rewards
House lawmakers removed a provision from a tax package that would have permitted entities involved in the staking and mining ...
Tag: Cryptocurrency
With failure on procedural motion, Clarity Act’s future is uncertain
The Senate voted 50-49 against ending debate on the Clarity Act. By failing to reach the 60-vote threshold needed for ...
FinCEN identifies nearly $13B in suspected crypto investment scams
Bank Secrecy Act reports flagged approximately $12.7 billion in suspected digital asset investment scam activity during a roughly two-year period ...
ABA Chair: Community banks are no one’s stalking horse in the Clarity Act debate
If consumers and businesses are encouraged to move money from bank deposits into stablecoins that offer interest-like rewards, those funds ...
OCC’s Gould defends charter approvals for crypto activity
Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency ...
Senate adjourns with no vote on Clarity Act
The Senate adjourned without holding a final vote on the Clarity Act, punting further action on the bill until at ...
Nichols: Bankers seeking surgical changes to Clarity Act to protect local lending
Small, targeted changes to market structure legislation for digital assets are all that are needed to ensure the crypto industry ...
Bankers: Local lending at risk if stablecoin payment of interest loophole isn’t closed
Warning of the potential fallout for banks and the communities they serve, bank leaders from across the U.S. are urging ...
Hispanic business group warns Clarity Act will harm local lending
A market structure bill for digital assets threatens to weaken the financial ecosystem supporting Hispanic-owned businesses by spurring the migration ...
ABA, associations: Updated crypto market structure bill still puts local lending at risk
The latest version of a proposed market structure bill for digital assets still puts at risk the local lending that ...
