Senators Kirsten Gillibrand and Cynthia Lummis introduced their long-awaited crypto legislation that favors the CFTC as a watchdog and wipes away tax worries for purchases of less than $200. “The Hash” breaks down what it could mean for the future of crypto regulation.
The House of Representatives is expected to return to Washington Monday to hold a procedural vote to advance the Senate’s $1 trillion bipartisan infrastructure legislation. CoinDesk’s Nikhilesh De discusses what to expect as it seems the bill is likely to be formally introduced without a crypto amendment.
Congress's infrastructure bill may not be great for the U.S. crypto sector, but that there's a tax provision at all shows lawmakers recognize the industry's permanence.