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Regulations

A collection of 40 posts

Massachusetts Senator Proposes Bill to Create State Bitcoin Reserve

Strategic Bitcoin Reserve

Massachusetts Senator Proposes Bill to Create State Bitcoin Reserve

In a significant move for the crypto space in the United States, Massachusetts State Senator Peter Durant has introduced legislation aimed at establishing a strategic Bitcoin reserve for the state. This development mirrors actions taken by other states like Texas, Pennsylvania, and Oklahoma, which are also considering similar legislative measures

California Lawmaker to Draft Bitcoin Legislation

California Lawmaker to Draft Bitcoin Legislation

In an exciting bit of news, California State Representative Phillip Chen is collaborating with the nonprofit Proof of Workforce to draft legislation that supports Bitcoin. This action marks a notable step toward integrating crypto into state policy, reflecting a broader national trend under the incoming administration of President-elect Donald Trump,

Arkansas Legislature Considers Banning Bitcoin Mining Near Military Bases

Arkansas Legislature Considers Banning Bitcoin Mining Near Military Bases

The state of Arkansas is on the brink of passing legislation that could reshape the landscape for Bitcoin and crypto mining operations, particularly those near military installations. Senate Bill 60, introduced by Senator Ricky Hill and House Speaker Brian Evans, seeks to amend the Arkansas Data Centers Act of 2023

Oklahoma State Representative Proposes Bitcoin as Strategic Reserve Asset

Strategic Bitcoin Reserve

Oklahoma State Representative Proposes Bitcoin as Strategic Reserve Asset

In a bold move to safeguard the financial future of its citizens, Oklahoma's State Representative Cody Maynard introduced House Bill 1203, which is aimed at being a strategic Bitcoin reserve. This legislative proposal aims to diversify the state's financial reserves by including Bitcoin as a hedge

Sen. Elizabeth Warren Sends Letter to Trump Treasury Nominee Advocating for Tighter Crypto Regs

Sen. Elizabeth Warren Sends Letter to Trump Treasury Nominee Advocating for Tighter Crypto Regs

US Senator Elizabeth Warren has recently dispatched a comprehensive open letter to Donald Trump's nominee for Treasury Secretary, Scott Bessent, pushing for a reevaluation and potential tightening of regulations concerning crypto assets. In her extensive 31-page letter dated January 12, Warren poses critical questions about the scope and

Donald Trump Plans to Push for Crypto Policy Reform on Inauguration Day

Donald Trump Plans to Push for Crypto Policy Reform on Inauguration Day

Donald Trump, a vocal advocate for the crypto industry during his campaign, is set to issue executive orders concerning crypto policies on his very first day in office, according to the Washington Post. This move is seen as a direct response to the needs and expectations of the growing cryptocurrency

New Hampshire Explores Bitcoin for State Treasury Investments

New Hampshire Explores Bitcoin for State Treasury Investments

New Hampshire is venturing into the world of crypto with a legislative proposal that would allow the state to establish a strategic Bitcoin reserve within its treasury. This initiative, spearheaded by State Representative Keith Ammon, aims to diversify state investments and potentially generate passive revenue, aligning with the state'

Consumer Financial Protection Bureau Suggests Refunds for Hacked Crypto Users

Consumer Financial Protection Bureau Suggests Refunds for Hacked Crypto Users

The Consumer Financial Protection Bureau (CFPB) has recently unveiled a proposal that could significantly alter the landscape of digital asset protection, aligning them closely with the security measures afforded to traditional bank (TradFi) account holders. Under this proposed rule, cryptocurrency service providers such as exchanges might be obligated to refund

Gary Gensler Takes One Final Jab at Crypto Before Quitting the SEC

Gary Gensler Takes One Final Jab at Crypto Before Quitting the SEC

As Gary Gensler prepares to step down from his role as the Chair of the U.S. Securities and Exchange Commission (SEC), he has not shied away from delivering one last critique of the cryptocurrency sector. In his parting remarks, Gensler described the crypto industry as a field "rife&

Blockchain Association Files Lawsuit Over Controversial IRS DeFi Regulations

Blockchain Association Files Lawsuit Over Controversial IRS DeFi Regulations

In a significant development, the U.S. Internal Revenue Service (IRS) has recently introduced new regulations that classify a variety of decentralized finance (DeFi) protocols as brokers. These regulations mandate that these platforms adhere to Know Your Customer (KYC) requirements for transactions involving digital assets. The IRS has projected that

What the New IRS Regulations Mean for Crypto and DeFi

What the New IRS Regulations Mean for Crypto and DeFi

The U.S. Internal Revenue Service (IRS) has introduced new tax regulations set to take effect in 2027, which will significantly impact decentralized finance (DeFi) platforms. These rules mandate that DeFi brokers report all gross proceeds from digital asset sales and gather extensive user information, including names and addresses. This

Japan Rejects Satoshi Proposal for National Strategic Bitcoin Reserve

Japan Rejects Satoshi Proposal for National Strategic Bitcoin Reserve

In a clear and decisive stance, the Japanese government has declared its disinterest in adopting Bitcoin as part of its foreign exchange reserves. This announcement, comes as a response to queries by Senator Satoshi Hamada, a member of the Party to Protect the People from NHK. The government, through its

IRS Declares Crypto Staking Taxable Amid Legal Battle

IRS Declares Crypto Staking Taxable Amid Legal Battle

A new twist has emerged that could significantly impact crypto investors – the Internal Revenue Service (IRS) has officially declared that staking cryptocurrency is a taxable event. This ruling comes at a time when the crypto market is soaring, with Bitcoin recently breaching the $100,000 mark for the first time,

Michael Saylor Proposes Game-Changing Digital Assets Strategy for U.S. Economic Leadership

Michael Saylor Proposes Game-Changing Digital Assets Strategy for U.S. Economic Leadership

Michael Saylor, a well-known advocate for Bitcoin published a comprehensive framework designed to integrate digital assets into the fabric of U.S. financial markets. This document, titled "Digital Assets Framework, Principles, and Opportunity for the United States," is not just a policy proposal; it's a vision

Ohio Lawmaker Proposes State Bitcoin Reserves for Financial Future

Ohio Lawmaker Proposes State Bitcoin Reserves for Financial Future

Ohio's legislative landscape is poised for a digital transformation as Derek Merrin, the Leader of the Ohio House Republicans, introduces the Bitcoin House Bill 703. This groundbreaking bill aims to establish an "Ohio Bitcoin Reserve" within the state treasury, marking a significant step towards integrating Bitcoin

Bitcoin Policy Institute Drafts Executive Order for Strategic Bitcoin Reserve

Bitcoin Policy Institute Drafts Executive Order for Strategic Bitcoin Reserve

In what could be a monumental shift in U.S. economic strategy, the Bitcoin Policy Institute has drafted an Executive Order aimed at creating a Strategic Bitcoin Reserve under President Trump's administration. This move, if enacted, would not only acknowledge Bitcoin as a legitimate financial asset but also

SEC Targets NFT Project ‘CyberKongz’ With Wells Notice

SEC Targets NFT Project ‘CyberKongz’ With Wells Notice

It seems Gary Gensler and the SEC continue to wage war against crypto, even on their way out. CyberKongz, a prominent NFT project, announced receipt of a Wells Notice from the Securities and Exchange Commission (SEC). This development underscores the tension between innovative blockchain projects and existing regulatory frameworks, particularly

Trump Confirms Bitcoin Reserve Strategy, Could Propel Crypto to New Heights

Trump Confirms Bitcoin Reserve Strategy, Could Propel Crypto to New Heights

In a surprising twist that has sent shockwaves through the financial world, former President Donald Trump has not only embraced the cryptocurrency space but has promised a strategic move that could redefine America's economic landscape. His recent comments on CNBC have sparked a frenzy among investors and traders,

Japanese Lawmaker Named Satoshi Advocates for a National Strategic Bitcoin Reserve

Japanese Lawmaker Named Satoshi Advocates for a National Strategic Bitcoin Reserve

In an interesting twist, Japanese lawmaker named Satoshi Hamada, a member of Japan's House of Councillors, has proposed the establishment of a national strategic Bitcoin reserve. This proposal, submitted on December 11 to Japan's National Diet, marks a significant step in the country's approach

Argentina and El Salvador Join Forces in Crypto Regulation

Argentina and El Salvador Join Forces in Crypto Regulation

Argentina has embarked on a collaborative journey with El Salvador to refine and enhance their regulatory frameworks surrounding cryptocurrencies. This partnership, orchestrated under the guidance of President Javier Milei, underscores a commitment to creating a robust and transparent environment for virtual asset service providers (VASPs). The heart of this collaboration

Texas Introduces Legislation for Establishing a Strategic Bitcoin Reserve

Texas Introduces Legislation for Establishing a Strategic Bitcoin Reserve

The Texas House of Representatives has introduced a new Bitcoin bill today. House Bill 1598, known as the Texas Strategic Bitcoin Reserve Act, is a legislative push to establish a state-held Bitcoin reserve, propelling Texas into the forefront of global crypto discussions. This legislation, introduced by Representative Giovanni Capriglione, seeks

Czech Republic Waves Goodbye to Bitcoin Capital Gains Tax for Long-Term Holders

Czech Republic Waves Goodbye to Bitcoin Capital Gains Tax for Long-Term Holders

The Czech Republic has taken an interesting step towards fostering a more crypto-friendly environment. The country's parliament, in a near-unanimous decision, has abolished the capital gains tax on Bitcoin and other cryptocurrencies held for over three years, effective from 2025. This legislative shift, voted on by 169 members

Putin Declares Bitcoin Unstoppable as Russia Embraces Crypto

Putin Declares Bitcoin Unstoppable as Russia Embraces Crypto

Russian President Vladimir Putin has publicly endorsed Bitcoin, declaring it an unstoppable force in the global financial landscape. Speaking at the World Trade Center in Moscow on Wednesday, Dec. 4, Putin highlighted the inevitability of digital currencies' growth, not just in Russia but across the world. His comments come

Bolivia Turns Into Crypto Haven After Ban Lift

Bolivia Turns Into Crypto Haven After Ban Lift

In the heart of South America, Bolivia has quickly emerged as a significant player in the world of cryptocurrency following the lifting of a long-standing ban on digital asset transactions. This transformation has not only altered the landscape of Bolivia's economy but has also positioned the country as

Japan's Financial Watchdog Warns Bybit, KuCoin, and Other Exchanges Over Regulatory Violations

Japan's Financial Watchdog Warns Bybit, KuCoin, and Other Exchanges Over Regulatory Violations

Japan's Financial Services Agency (FSA) has taken a firm stance against five major overseas cryptocurrency exchanges for operating within the country's borders without the necessary registration. The exchanges in question include Bybit Fintech Limited, KuCoin, MEXC Global, Bitget Limited, and Bitcastle LLC. This move by the