Tag Archives: U.S. House of Representatives

US Congressmen Introduce Two Bills to Prevent Crypto Price Manipulation

Two congressmen from Florida and North Carolina have introduced bipartisan legislation aimed to help prevent cryptocurrency price manipulation. Representatives Darren Soto (Democrat) and Ted Budd (Republican) jointly announced Thursday that their two bills – “The Virtual Currency Consumer Protection Act of 2018” and the “U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018” – are ultimately aimed… Read More »

US Lawmakers Push for ‘Blockchain’ Definition in New Congressional Bill

A bipartisan bill recently introduced to the U.S. House of Representatives proposes creating a “consensus-based definition of blockchain.” Representatives Doris Matsui and Brett Guthrie – both members of the Energy and Commerce Subcommittees on Communications and Technology and Digital Commerce and Consumer Protection – submitted the legislation Monday. If passed and signed into law, bill H.R. 6913, dubbed the… Read More »

US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance

A group of U.S. lawmakers has called on the nation’s Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions. In an open letter sent to acting IRS commissioner David Kautter, representatives Kevin Brady, Lynn Jenkins, David Schweikert, Darin LaHood and Brad Wenstrup write that the agency has had “more than… Read More »

U.S. Congress Should Make Cryptocurrency a Key Focus: House Rep.

Advertisement At a Congressional hearing earlier this year, a key member affirmed his intention “to not sit by idly” while the cryptocurrency investors remain unprotected. That congressman, Rep. Bill Huizenga (R-MI), has once again called Congress for oversight of what he believes is a “muddled and fairly opaque” cryptocurrency market. A contender to lead the House Financial Services… Read More »

Congress Is Now Holding Two Crypto Hearings This Wednesday

Congress is set to hold not one but two separate hearings related to cryptocurrencies on Wednesday. Last week, CoinDesk reported that the House Committee on Financial Services is set to hold its latest gathering on the subject, this one honing in on the question of crypto as a new form of money. A memo published since that news… Read More »

Lawmakers to Discuss If Crypto Is ‘The Future of Money’ Next Week

Cryptocurrencies will take center stage once again on Capitol Hill next week. The U.S. House of Representatives Financial Services Committee announced Thursday that it would host a hearing titled “The Future of Money: Digital Currency” on Wednesday, July 18. Though the Committee, headed by Chairman Jeb Hensarling, has yet to announce a full list of participating witnesses, CoinDesk… Read More »

US Lawmaker Calls For ‘Light Touch’ on ICO Regulation

US Rep. Warren Davidson (R-OH) said a “light touch” regulatory framework is needed for the initial coin offering (ICO) market during a CNBC  “Squawk Box.” interview. Davidson is a member of the House Financial Services Committee of the House of Representatives. “We want to make sure that the United States’ capital markets stay strong and The post US… Read More »

Congressional Bill Calls for Study of Crypto Use in Sex Trafficking

Congress is set to consider yet another proposed mandate for a cryptocurrency study, this time in the area of sex trafficking. The House of Representatives Financial Services Committee is introducing a new bill today that, if passed and signed into law, would require the director of the Government Accountability Office (GAO) to open a study on “how virtual… Read More »