Communist China crypto ban gives US chance to lead

China’s plans to ban private cryptocurrency is terrible but also offers a lesson and opportunity for US policymakers, says Competitive Enterprise Institute financial policy expert John Berlau.

Does this agreement save crypto from govt meddling?

U.S. Senators Pat Toomey (R-Pa,) Mark Warner (D-Va.) and Cynthia Lummis (R-Wyo.), Kyrsten Sinema (D-Az.) and Rob Portman (R-Oh.) today announced an agreement on an amendment to fix digital asset reporting requirements in the infrastructure bill. “There’s broad agreement that digital asset exchanges behaving as brokers should be required to report transactions just like other … Continue reading Does this agreement save crypto from govt meddling?

Infrastructure bill invents new tax on cryptocurrency

U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) released the following statement regarding a provision in the bipartisan infrastructure package that would tax cryptocurrency transactions: “Congress should not rush forward with this hastily-designed tax reporting regime for cryptocurrency, especially without a full understanding of the consequences. By including an overly broad definition of broker, … Continue reading Infrastructure bill invents new tax on cryptocurrency