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U.S. House of Representatives


A bipartisan bill recently introduced to the U.S. House of Representatives proposes creating a “consensus-based definition of blockchain.” Representatives Doris Matsui and Brett Guthrie – both members of the Energy and Commerce Subcommittees on Communications and Technology and Digital Commerce and Consumer Protection – submitted the legislation Monday. If passed and signed into law, bill H.R. …

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A group of U.S. lawmakers has called on the nation’s Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions. In an open letter sent to acting IRS commissioner David Kautter, representatives Kevin Brady, Lynn Jenkins, David Schweikert, Darin LaHood and Brad Wenstrup write that the agency has …

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Congress is set to hold not one but two separate hearings related to cryptocurrencies on Wednesday. Last week, CoinDesk reported that the House Committee on Financial Services is set to hold its latest gathering on the subject, this one honing in on the question of crypto as a new form of money. A memo published …

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Cryptocurrencies will take center stage once again on Capitol Hill next week. The U.S. House of Representatives Financial Services Committee announced Thursday that it would host a hearing titled “The Future of Money: Digital Currency” on Wednesday, July 18. Though the Committee, headed by Chairman Jeb Hensarling, has yet to announce a full list of …

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Congress is set to consider yet another proposed mandate for a cryptocurrency study, this time in the area of sex trafficking. The House of Representatives Financial Services Committee is introducing a new bill today that, if passed and signed into law, would require the director of the Government Accountability Office (GAO) to open a study …

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Though fraud is undoubtedly an issue in the cryptocurrency ecosystem, U.S. Congressman Patrick McHenry believes lawmakers shouldn’t rush to impose new regulations. “It’s my fear that Congress and other policymakers get wrapped up in the hype of bitcoin and feel like doing something – anything – is better than nothing,” he told CoinDesk in an …

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Despite the overall measured tone among lawmakers at Wednesday’s House subcommittee hearing on initial coin offerings, a few members of the panel made inflammatory statements. Social media users responded in kind. The most incendiary comment came from California Rep. Brad Sherman, who called cryptocurrencies a “crock.” While some Twitter users merely encouraged him to educate himself …

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