Hill, Emmer, Womack, Kinzinger cheer House approval of new trade deal
12/23/2019
The Ripon Advance
U.S. Reps. Adam Kinzinger (R-IL), French Hill (R-AR), Tom Emmer (R-MN) and Steve Womack (R-AR) commended passage on Dec. 19 by the U.S. House of Representatives of the United States-Mexico-Canada Agreement (USMCA) Implementation Act.
“USMCA sets the stage for billions more in U.S.… Read more »
Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance
12/23/2019
Bitcoin.com
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped… Read more »
US Congressmen Demand Clarity on the Recent IRS Crypto Tax Rules
12/23/2019
Your CryptoHub
Expertly analyzing the recent crypto tax guidance issued by the IRS, members of the Congressional Blockchain Caucus – a bipartisan group of members from Congress of the United States established to advance cryptocurrency and blockchain technology – penned down a detailed letter, exposing some… Read more »
U.S. House Members: IRS Crypto Tax Guidance Raises ‘New Questions’
12/22/2019
DCE Brief
Eight members of the U.S. Congress have asked the Internal Revenue Service (IRS) to provide additional information about the agency’s cryptocurrency tax guidelines. In a December 20 letter to IRS Commissioner Charles Rettig, the representatives asserted that the guidelines released by the agency… Read more »
US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter
12/20/2019
Coindesk
The U.S. taxman's most recent crypto guidance is sowing confusion, according to a letter from eight congressmen published Friday.
According to a letter penned by Representatives Tom Emmer (R-Minn.), Bill Foster (D-Ill.), David Schweikert (R-Ariz.), Darren Soto (D-Fla.),… Read more »
Members of Congress push IRS for tax clarity on crypto airdrops, forks
12/20/2019
The Block Crypto
Eight members of the U.S. House of Representatives have sent a letter to the commissioner of the Internal Revenue Service, asking for the agency to expand and clarify its guidance around token airdrops and blockchain network forks.
The letter – drafted by Reps. Tom Emmer, Bill… Read more »
Digital Currency Revolution Series: The Potential Impact of Federal Reserve’s Monetary Policy on Cryptocurrencies in 2020
12/12/2019
EconoTimes
In current financial conditions across the globe, we are witnessing the lingering concerns over growing debt burden that could potentially lead to another financial crisis. To substantiate this stance, it is quite evident that increasing… Read more »
HBCUs receive permanent funding of $255 million
12/15/2019
TB&P
A bipartisan bill to make permanent $255 million in annual funding for Historically Black Colleges and Universities (HBCUs) cleared Congress last week. The measure includes $255 million in annual funding for HCBUs, simplifies the application for federal student aid, and eliminates annual paperwork required of… Read more »
Washington news in brief
12/15/2019
Arkansas Democrat-Gazette
Rx-drugs-bill vote upsets Democrats
WASHINGTON -- Democratic congressional candidates are criticizing their Republican opponents for opposing legislation designed to rein in prescription costs.
HR3, allowing the federal government to negotiate with drug companies for lower prices, passed 230-192 in the U.S. House… Read more »
The current landscape of central bank digital currencies
12/13/2019
Brookings
During Mark Zuckerberg’s testimony to the House Financial Services Committee on October 23, 2019, he pointed to the threat posed by China’s incoming state-run digital currency as the reason U.S. regulators should be more accommodating toward Facebook’s Libra cryptocurrency. Interestingly, Libra was the… Read more »