News list for " nate"
According to The Block, the Arkansas Senate Committee on Cities, Counties and Local Affairs voted 6-1 to reject a bill that would have banned cryptocurrency mining operations within 30 miles of a military installation. The bill would have also included an emergency provision that would have allowed the state to revoke the license of a licensed cryptocurrency mining facility if it was located near a military installation. The bill says the measure is necessary to ensure the health and safety of A...
Cynthia Lummis, the sponsor of the Bitcoin Strategic Reserve Act and chair of the U.S. Senate Banking Subcommittee on Digital Assets, said in a statement that one of the top priorities will be to hold a public hearing on the strategic bitcoin reserve.
On January 28, the market news: The US Senate confirmed Scott Bessant as Treasury Secretary by a vote of 68 to 29.
Market news: The U.S. Senate confirmed Scott Bessant as Treasury Secretary by a vote of 68 to 29.
The French Senate has passed the 2025 budget, which includes a tax on the "unproductive wealth" of bitcoin and other cryptocurrencies. The tax will be levied annually on unrealized gains on cryptoassets, meaning that cryptocurrency holders will be taxed even if they do not sell their assets. The proposal is currently awaiting a vote by the National Assembly.
Nate Geraci, president of The ETF Store, said in a post that another wave of crypto-related ETF applications is expected this week, the regulatory floodgates have been opened, and issuers will test regulatory boundaries.
On January 27th, Vitalik.eth tweeted that the elimination of trust settings for Groth16 algorithm should be accelerated, arguing that the separate trust settings for each application are out of date in the 2020s, and at least universal settings should be adopted, ideally no settings are required. He stressed that this requires significant improvements in infrastructure building and standardization of the new SNARK algorithm, while citing Alin Tomescu that trust settings for Groth16 are very cumb...
On January 26, Satoshi ActionFund co-founder Dennis Porter wrote in X that the complete elimination of capital gains taxes on cryptocurrencies requires congressional approval and is unlikely to be achieved in the short term. Dennis Porter believes that the main obstacle is the significant loss of tax revenue, which makes it difficult for such a proposal to be included in the upcoming tax bill.
On January 25, Cynthia Lummis, the sponsor of the Bitcoin Strategic Reserve Act and chair of the Senate Banking Subcommittee on Digital Assets, posted a picture of a laser eye symbolizing bitcoin supporters on social media, with the caption Please allow me to reintroduce myself.
According to Fox reporter Eleanor Terrett, the U.S. Senate Banking Committee will hold a hearing on February 5 to focus on the "debanking" of cryptocurrency companies by banks. Eleanor Terrett said this is the first-ever "debanking" topic hearing in the United States. Previously, the US House Committee on Oversight and Government Reform sent letters to the heads of crypto companies such as Uniswap Labs CEO Hayden Adams, Coinbase CEO Brian Armstrong, and Kraken CEO David Ripley, asking them to "g...
On January 24, Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, posted on social media: "As we learn of the severity and injustice of Chokepoint 2.0, I will work closely with FDIC Vice Chairperson Travis Hill to end this attack on digital assets."
The 119th U.S. Senate Subcommittee on Banking Digital Assets will focus on the following two areas: 1. Promote bipartisan digital asset legislation that promotes responsible innovation and protects consumers, including market structure, stablecoins, and strategic bitcoin reserves. Stringent oversight of federal financial regulators to ensure that they are acting in accordance with the law and that incidents like "Operation Chokepoint 2.0" do not happen again.
According to Eleanor Terrett, Senator Cynthia Lummis has officially become chair of the Senate Banking Digital Assets Subcommittee. Other members of the panel include Thom Tillis, Bill Hagerty, Bernie Moreno, Dave McCormick, Ruben Gallego (senior member), Mark Warner, Chris Van Hollen, and Tina Smith.
Senator Cynthia Lummis has announced her chairpersonship of the Senate Banking Digital Assets Panel. Senator Cynthia Lummis said that digital assets are the future, and if the United States is to maintain its leadership in global financial innovation, Congress needs to pass bipartisan legislation as soon as possible to establish a comprehensive legal framework for digital assets, while strengthening the dollar through strategic bitcoin reserves. She promised to bring the bill to President Trump'...
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