US Senate


Markets

2 Senators Propose Exemptions to Crypto Tax Reporting Required by US Infrastructure Bill

The amendment is a compromise between two previously proposed amendments.

Sen. Mark Warner (D-Va.)

Markets

Crypto Tax Exemptions Floated for $1T US Senate Bill

The carve-out would allow for miners, developers and node operators to be exempt from broker tax reporting purposes.

Sen. Cynthia Lummis helped draft an amendment to a controversial tax provision in the infrastructure bill.

Policy

State of Crypto: Infrastructure Bill Shows Congress Sees Crypto as Here to Stay

Congress's infrastructure bill may not be great for the U.S. crypto sector, but that there's a tax provision at all shows lawmakers recognize the industry's permanence.

Bitcoin analysts aren't too worried at the moment about Washington's plan for extra crypto taxes.

Policy

How Controversial Crypto Tax Found Its Way Into US Infrastructure Bill

The crypto provision in the U.S. infrastructure bill was one of a handful of issues that nearly delayed the entire package.

The infrastructure bill includes a controversial crypto tax provision that might expand the definition of "broker" beyond trading platforms to miners or developers.

Videos

El Salvador Becomes First Country to Officially Adopt Bitcoin as Legal Tender

CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De explains the significance and potential ripple effect of El Salvador officially adopting bitcoin as legal tender. Plus, a look at the U.S. Senate approving a $250 billion bipartisan technology and manufacturing bill to counter China on technological advancement.

Recent Videos

Markets

Cynthia Lummis, Wyoming's Incoming Senator, Wants to Explain Bitcoin to Congress

Cynthia Lummis, who won an open U.S. Senate seat in Wyoming, wants to explain bitcoin's value to her new colleagues.

Cynthia Lummis

Finance

Ex-Bakkt CEO Kelly Loeffler Got $9M Payout as She Left for US Senate: Report

Senator Kelly Loeffler received the hefty payout from her husband's company, Intercontinental Exchange, as she left bitcoin company Bakkt to take up her political position.

Sen. Kelly Loeffler (Credit: CoinDesk archives)

Policy

US Senate Floats 'Digital Dollar' Bill After House Scrubs Term From Coronavirus Relief Plan

A draft bill posted Tuesday to the U.S. Senate Committee on Banking, Housing and Urban Affairs defines a "digital dollar" and details how it might be maintained.

U.S. Capitol, Washington, D.C. (lazyllama/Shutterstock)

Markets

Bitcoin Noticeably Absent From Senate Hearing on Facebook's Libra

For a panel about a proposed cryptocurrency, Tuesday's Senate Facebook hearing was light on actual crypto talk.

marcus, facebook

Markets

Crypto Defender Spars With Famed Critic During US Senate Hearing

Peter Van Valkenburgh explained the potential benefits from cryptocurrency and blockchain while Nouriel Roubini called it "the mother of all scams."

Valk2