Legislation

The post Russia Eyes Increase in Crypto Mining Tax with New Legislation appeared first on Coinpedia Fintech News According to the local news report, at the Eastern Economic Forum (EEF-2024), Sergey Bezdelov, Director of the Industrial Mining Association, announced that Russia mined 54,000 bitcoins in 2023, generating 50 billion rubles in taxes. Bezdelov noted that with the upcoming “gentle” regulation of cryptocurrency mining, the tax contribution is set to increase as new infrastructure investors join the market. This comes after…

The post Crypto Legislation 2024: How GOP Senate Hopes to Reshape US Crypto Regulations appeared first on Coinpedia Fintech News As the window for crypto legislation in 2024 narrows, key Republican figures, including Sen. Cynthia Lummis (R-Wyo.) and Sen. Tim Scott (R-S.C.), at Wyoming Blockchain Symposium 2024 remain optimistic about passing meaningful crypto laws this year.  Politics to Drive Crypto Regulation Speaking at the SALT Wyoming Symposium, they highlighted the ongoing work in the Senate Agriculture Committee as a potential…

Democratic Senator and known crypto skeptic Sherrod Brown has expressed conditional support for stablecoin legislation, signaling potential progress amidst longstanding regulatory challenges. Sen. Brown’s Support For Stablecoin Legislation Senator Sherrod Brown (D-Ohio), known for his cautious stance on cryptocurrencies, has signaled potential support for advancing legislation concerning stablecoins. As the chair of the influential Senate Banking Committee, Brown’s openness to this legislation marks a significant shift in the crypto regulatory landscape. The legislation in question will soon be introduced in…

US Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WYO) will soon be introducing a new legislation in Senate that would offer two paths to stablecoin issuers.  Sen. Gillibrand Plans Stablecoin Legislation The saga of crypto regulation in the US continues as another legislation for regulating stablecoins is waiting to be brought to the Senate. Democratic senator from New York, Kirsten Gillibrand, has revealed that negotiations are ongoing for a new stablecoin legislation, which could be introduced in the Senate at…

Cryptocurrency Legislation Over the past 4-5 years, the legislation of cryptocurrencies, blockchain, and similar instruments has become one of the most critical regulatory authorities' tasks. Even though regulation is of utmost importance, the sudden spark has its reasons. Scrupulous practices such as ICO scams, exchange hacks, unregulated creation of monetary schemes, etc., have made it necessary. As a result, governments worldwide acknowledge the importance of regulatory oversight for keeping a check on the space. This has received a lot of…