The US Senate just passed a landmark $1.2 trillion infrastructure bill, which includes $550 billion in new spending. Initially, the bill was to be partially funded by increasing the power of the IRS to go after individual and corporate tax dodgers. That increased tax enforcement would have yielded an
Instead of trying to embrace crypto currencies they are putting obstacles in front of them. Obviously they don't want to lose the value of fiat system, but they aren't aware that they have almost lost it ( I think they are aware, yet they are playing over it).
In future we will see how they are adapting to evolution of crypto, in that moment they will embrace small businesses. But a question in my mind: why not now?
I hope it doesn't affect the market too much. just started to rise
I can't understand why states are waging war against crypto. They didn't realize that they still couldn't destroy BTC because there were people behind it. Hopefully we'll hear good news about it soon.
They beat the air :D It's tragicomic that they're trying to stop crypto and its power like this. People are more and more interested in cryptocurrencies every day. So the fiat currency remains as a means to reach crypto. Day by day, cryptocurrencies will stand stronger against the fiat currency. They think it's useful to refuse to accept and put "barriers" in this way. I don't think like that. It may be too late when they concede :D
Rather than the accuracy of the news, the fact that such a news is coming out reveals what crypto is doing well. Having high taxation even on such a free platform is actually trying to regain the lost value or popularity of the fiat currency against the cryptocurrency. We don't know how successful they will be at this, but sooner or later they will embrace the power of crypto.
I think there should be an article about how to learn the right news.
I'm not saying this news is true or false. Some of the news is really funny. But the serious ones are more of a nuisance. We have to be picky when we read the news. The market is rising and fear is spreading.
They should not touch this place, they already charge taxes on everything, if they stick their noses in this market, the structure of the market will be destroyed.
Important events related to cryptocurrencies are developing. Two important legislative amendment requests in the new infrastructure law, which Democrats and Republicans jointly submitted to the Senate, will be voted on in the parliament. If it is accepted, I think that important bans that will not be limited to the USA and that will affect the whole world are at the door.
In the United States, Democrats and Republicans agreed and passed an infrastructure law, in which 1 trillion dollars was allocated. The scope of the law will positively impact many Americans. The content of the law, which will cost 1 trillion dollars, includes important works to spread high-speed internet widely, build better roads and bridges, improve public transportation and clean drinking water systems, fight climate change, modernize power grids and popularize electric vehicles. I see.
Shortly before the new infrastructure law was presented to the Senate, it was suggested by two senators that two different law amendments covering cryptocurrencies should be included in the infrastructure law, of course, this is not a surprise. Considering the proposed law change, cryptocurrencies using the Proof of Work mechanism such as Bitcoin seem to remain exempt for now, but cryptocurrencies using the Proof of Stake concept such as Cardano fell under a great tax threat. After these two legislative changes were proposed, a supportive statement came from the White House.
The proposed amendment by Senator Rob Portman and Mark Warner came as a shock to the Senators, who supported the crypto industry, after Biden's support. According to the bill previously submitted by Senator Ron Wyden, Pat Toomey and Cynthia Lummis and expected to pass the Senate, a wide range of crypto miners and developers would also be excluded from the definition of “brokerage”. Thus, those who fit the definition would not have to report their customers to the US Internal Revenue Service as required by the definition of "broker", which would put them in a very difficult situation as the miners do not have specific customers.
This law, which will basically affect the entire crypto industry pretty badly, in my opinion means moving the entire crypto market away from the US.
Anonymous cryptocurrency transfers will become impossible because of this ridiculous law.
Any bill targeting cryptocurrency needs to be well thought out with the possibilities and implications thoroughly researched. I worry about people and small businesses being unfairly caught out in the future and being landed with large unforseeable bills, if things are not clear and well considered.
Instead of trying to embrace crypto currencies they are putting obstacles in front of them. Obviously they don't want to lose the value of fiat system, but they aren't aware that they have almost lost it ( I think they are aware, yet they are playing over it).
In future we will see how they are adapting to evolution of crypto, in that moment they will embrace small businesses. But a question in my mind: why not now?
this is not good
I hope it doesn't affect the market too much. just started to rise
I can't understand why states are waging war against crypto. They didn't realize that they still couldn't destroy BTC because there were people behind it. Hopefully we'll hear good news about it soon.
I hope America doesn't make the same mistake China did.
They beat the air :D It's tragicomic that they're trying to stop crypto and its power like this. People are more and more interested in cryptocurrencies every day. So the fiat currency remains as a means to reach crypto. Day by day, cryptocurrencies will stand stronger against the fiat currency. They think it's useful to refuse to accept and put "barriers" in this way. I don't think like that. It may be too late when they concede :D
Thanks for the article.
Rather than the accuracy of the news, the fact that such a news is coming out reveals what crypto is doing well. Having high taxation even on such a free platform is actually trying to regain the lost value or popularity of the fiat currency against the cryptocurrency. We don't know how successful they will be at this, but sooner or later they will embrace the power of crypto.
So much not known about this new regulation. Hopefully we can get some clarification soon.
I think there should be an article about how to learn the right news.
I'm not saying this news is true or false. Some of the news is really funny. But the serious ones are more of a nuisance. We have to be picky when we read the news. The market is rising and fear is spreading.
Thanks for the good article.
I'm not sure if it's coincidence. But these things always come when the market is rising. Uncertainty and fearful news.
That's unfortunately not good news . Their preference for crypto is funny. I hope they get used to crypto as soon as possible.
Thanks for the article.
Have a nice day.
Governments are always looking for a currency.
They do this with taxes.
And I think they are avoiding being solution-oriented by offering many unnecessary excuses.
We already pay taxes on everything and I guess it's time for crypto.
As you said in the exchanges, records are already kept, which is something they can prevent with a simple audit.
Why should I pay the government for something I earned? What did they do to deserve it?
This things will never end
We just have to try to move on and i believe that if this is applied it will flip many things in the lifes of Many Americans
They should not touch this place, they already charge taxes on everything, if they stick their noses in this market, the structure of the market will be destroyed.
Important events related to cryptocurrencies are developing. Two important legislative amendment requests in the new infrastructure law, which Democrats and Republicans jointly submitted to the Senate, will be voted on in the parliament. If it is accepted, I think that important bans that will not be limited to the USA and that will affect the whole world are at the door.
In the United States, Democrats and Republicans agreed and passed an infrastructure law, in which 1 trillion dollars was allocated. The scope of the law will positively impact many Americans. The content of the law, which will cost 1 trillion dollars, includes important works to spread high-speed internet widely, build better roads and bridges, improve public transportation and clean drinking water systems, fight climate change, modernize power grids and popularize electric vehicles. I see.
Shortly before the new infrastructure law was presented to the Senate, it was suggested by two senators that two different law amendments covering cryptocurrencies should be included in the infrastructure law, of course, this is not a surprise. Considering the proposed law change, cryptocurrencies using the Proof of Work mechanism such as Bitcoin seem to remain exempt for now, but cryptocurrencies using the Proof of Stake concept such as Cardano fell under a great tax threat. After these two legislative changes were proposed, a supportive statement came from the White House.
The proposed amendment by Senator Rob Portman and Mark Warner came as a shock to the Senators, who supported the crypto industry, after Biden's support. According to the bill previously submitted by Senator Ron Wyden, Pat Toomey and Cynthia Lummis and expected to pass the Senate, a wide range of crypto miners and developers would also be excluded from the definition of “brokerage”. Thus, those who fit the definition would not have to report their customers to the US Internal Revenue Service as required by the definition of "broker", which would put them in a very difficult situation as the miners do not have specific customers.
This law, which will basically affect the entire crypto industry pretty badly, in my opinion means moving the entire crypto market away from the US.
Anonymous cryptocurrency transfers will become impossible because of this ridiculous law.
This law is purely the crypto-kill law.
Any bill targeting cryptocurrency needs to be well thought out with the possibilities and implications thoroughly researched. I worry about people and small businesses being unfairly caught out in the future and being landed with large unforseeable bills, if things are not clear and well considered.