The crypto industry is facing a regulatory challenge as the Biden administration seeks to implement its economic agenda. The president has appointed several officials who have expressed skepticism or hostility towards cryptocurrencies, such as Gary Gensler, the chair of the…
The US Senate has passed a bipartisan bill to raise the nation’s debt ceiling and avoid a default on its obligations. The bill, which was approved by the House of Representatives on Wednesday, will now go to President Joe Biden…
It appears President Joe Biden has a tough stance on cryptocurrency taxation and regulation. He has proposed several measures to increase the tax burden on crypto miners, traders, and investors, as well as to close the loopholes that allow tax…
The administration of U.S. President Joe Biden has proposed an excise tax on cryptocurrency miners equal to 30 percent of the cost of the electricity they use, and plans to eliminate tax deductible losses related to wash-trading of crypto tokens,…
