Can blockchain help settle the mail-in voting debate? The United States Postal Service, or USPS, recently filed a patent for a mail-in voting system that utilizes Blockchain and other technologies for verification. Responding to an inquiry from Cointelegraph, U.S. Representative for Florida’s 9th district, Darren Soto, voiced his excitement about this prospective development. “I think […]
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Congressman Soto talks about the point where crypto education meets solid policy and what’s standing in the way. “I remember watching the hearings before the Energy and Commerce Committee with Mark Zuckerberg, and it was clear that a lot of my colleagues didn’t really know a lot about technology,” recalls U.S. Representative Darren Soto. When […]
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Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards. On Aug. 4, four U.S. congressional representatives wrote to the Internal Revenue Service (IRS) asking the tax authority not to overtax rewards from Proof-of-Stake blockchains. Explaining the difference in energy consumption between PoS and […]
Continue ReadingCheck out this week’s Bad Crypto News. The Bitcoin Clock ticks on—less than 52 days now before the next halving—and let’s hope that Bitcoin still has value when that happens. Trader Peter Brandt isn’t optimistic. He sees Bitcoin in a race with gold to hit $1,000. Then again, in January, he thought BTC wouldn’t reach […]
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Cointelegraph’s list of the top-10 U.S. congresspeople playing outsized roles in the crypto and blockchain industries. Following a year that has seen unprecedented interactions between United States legislators and the crypto industry, Cointelegraph has compiled a roster of congresspeople who have established stances and policies for blockchain and cryptocurrency that will shape the future of […]
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Circle’s CEO will testify before the Senate Committee on Banking, Housing, and Urban Affairs on blockchain and digital assets. Circle co-founder and CEO Jeremy Allaire is scheduled to testify before congress tomorrow as a representative of The Blockchain Association — a business organization comprised of blockchain industry advocates. Allaire will testify before the Senate Committee […]
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Congressman Tom Emmer reintroduced a bill to protect investors if they make an error as the result of receiving hard forked blockchain assets. United States Congressman Tom Emmer has reintroduced his Safe Harbor for Taxpayers with Forked Assets bill, according to a press release published July 9. The reintroduced version of the bill appears to […]
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A group of United States congressmen has requested that Lawrence Kudlow, the Director of the National Economic Council, hold a blockchain forum. A group of United States congressmen has requested that Lawrence Kudlow, the director of the National Economic Council, hold a blockchain forum, in a letter published on May 24. A group of seven […]
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Fintech firm Velocity Ledger Technology has launched a testnet and blockchain API where users can develop apps for issuing, trading, and settling utility tokens. Bermuda-based fintech firm Velocity Ledger Technology (VLT) has launched a testnet and blockchain API for trading digital assets in Bermuda, according to a press release shared with Cointelegraph on May 28. […]
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The U.S. IRS has prioritized issuing tax guidance on cryptocurrencies in response to a request from 21 representatives. The United States Internal Revenue Service (IRS) has prioritized issuing tax guidance on cryptocurrencies, according to a May 16 letter. The letter from the IRS comes in response to a request from 21 representatives in Congress, including […]
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