REP

Congressman Matt Gaetz proposes a bill to allow federal income tax payments using Bitcoin, aiming to foster innovation and efficiency. The bill directs the Treasury to establish a framework for accepting Bitcoin and convert it to dollars immediately after transactions. Republican Congressman Matt Gaetz is introducing a bill that would allow American citizens to pay federal income taxes using Bitcoin. This legislative move aims to foster innovation and enhance efficiency within the U.S. financial system. Gaetz’s proposed legislation seeks to…

The post Rep. Patrick McHenry Predicts Crypto Law by 2025 Amid Bipartisan Support appeared first on Coinpedia Fintech News The crypto industry experienced a major turn of events as Rep. Patrick McHenry, the key Republican negotiator for cryptocurrency legislation, firmly predicted establishing the digital assets law by next year. McHenry also mentioned significant bipartisan backing for the Financial Innovation and Technology for the 21st Century Act (FIT21) in the House of Representatives. Many House Democrats have supported the bill despite…

The post Rep. McHenry Alleges SEC Chair Gensler Misled Congress on Ethereum Status appeared first on Coinpedia Fintech News Rep. Patrick McHenry (R-NC), Chair of the House Financial Services Committee, accused SEC Chair Gary Gensler of misleading Congress about Ethereum’s status. Consensys’s unsealed document from a lawsuit reveal Ethereum’s year-long internal consideration by the SEC as an unregistered security. Also, McHenry has criticized the SEC’s contradictory public stance and private actions, and called it a “regulation by enforcement.” Next week’s…

Augur was one of the first platforms to surface on the Ethereum blockchain in 2015. It had a promising start before falling into obscurity. Now, five years later, the oracle for prediction markets godfathered by Vitalik Buterin is making a spectacular comeback. The recent release of Augur v2 is the first big upgrade to the protocol, and it comes with a comprehensive suite of improvements to Augur. The industry is looking at one of the most promising platforms that one…