US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect crypto users. According to a document released by the House Committee on Ways and Means on Monday, the proposal would increase the tax rate on long-term capital gains from the existing 20% to… Continue reading US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

Three US Senators propose narrowing crypto tax language in infrastructure bill

Lawmakers have written an amendment to an infrastructure bill in the United States Senate which proposes excluding certain crypto companies from the reporting requirements for brokers. In an amendment from Oregon Senator Ron Wyden on behalf of himself and Wyoming Senator Cynthia Lummis, with the support of Pennsylvania Senator Pat Toomey, the U.S. lawmakers suggested… Continue reading Three US Senators propose narrowing crypto tax language in infrastructure bill

Financial Regulators Propose a Rule that Could Shatter Bank’s Interest in Crypto

The financial situation for Banks that have their eye on crypto may have just taken a sharp turn, as the Swiss financial committee says banks should set aside money to protect investors from losses incurred in cryptocurrency holdings. Banks ‘Under Siege’ A committee centered in Basel, made up of a group of financial watchdogs globally,… Continue reading Financial Regulators Propose a Rule that Could Shatter Bank’s Interest in Crypto

U.S. lawmakers propose giving USPS $6 billion for electric delivery vehicles

Fox Business Flash top headlines for March 8 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. WASHINGTON  - A group of 17 U.S. House of Representatives Democrats introduced legislation on Monday to provide $6 billion to the U.S. Postal Service (USPS) to buy tens of thousands of additional electric delivery… Continue reading U.S. lawmakers propose giving USPS $6 billion for electric delivery vehicles

Remainer MPs propose anti-Brexit Speaker John Bercow as PM of 'national unity' as they plot to oust Boris Johnson

DESPERATE Remainer MPs want anti-Brexit Speaker John Bercow to become a Prime Minister of “national unity” as they plot to oust Boris Johnson. After defeating Mr Johnson with a vote of no confidence the group intends to put Mr Bercow at the head of a “cabinet of all talents”. BERCOW PLOT The plot is sure… Continue reading Remainer MPs propose anti-Brexit Speaker John Bercow as PM of 'national unity' as they plot to oust Boris Johnson

Warren, on debate day, proposes Social Security boost of $200 per month

Is Wall Street fearful of a possible Elizabeth Warren presidency? Martha MacCallum and Jesse Watters react during this week’s ‘Wednesdays with Watters’ segment on ‘The Story.’ Declaring that “it’s getting harder to save enough for a decent retirement,” Democratic presidential candidate Sen. Elizabeth Warren on Thursday unveiled a plan to increase monthly Social Security benefits… Continue reading Warren, on debate day, proposes Social Security boost of $200 per month

Russian Officials Propose Lighter ICO Regulations, Cryptocurrency Income Tax Breaks

Russian officials have considered a number of amendments to the draft law “On Digital Financial Assets” during a meeting of the Ministry of Economic Development of the Russian Federation that took place Feb. 27. The major modifications proposed by the officials include a digital currency assets income tax break and a tenfold increase of the limit on… Continue reading Russian Officials Propose Lighter ICO Regulations, Cryptocurrency Income Tax Breaks