cryptocurrencynews
President Joe Biden signed an executive order on Wednesday calling the government to begin an investigation into digital currency to decide if it’s a good idea for the central bank to create its own cryptocurrency. “My Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC,” the executive order reads. The investigation will examine the influence of cryptocurrency on financial stability and national security. U.S. acceptance and willingness to involve itself in the cryptocurrency world is also a comp...
uPolitics.com
As the bipartisan infrastructure bill awaits the final vote in the Senate as soon a Tuesday, the senators have found an unexpected hurdle: cryptocurrency. The original language in the bill would require brokers of digital assets to report on crypto transactions to the IRS. “As we know, cryptocurrency is a digital asset that more and more people are investing in. We should want that to continue, and continue in a healthy and sustainable way,” said Sen. Rob Portman (R-Ohio), who’s one of a group of bipartisan senators who added the original proposal to the bill. Both the cryptocurrency industry ...
uPolitics.com
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