A bill that would impose a 1 percent excise tax on the repurchase of stock by publicly traded companies passed the U.S. Senate this week. The Stock Buyback Accountability Act, sponsored by U.S. Sen...
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Democratic lawmakers in Congress have asked major cryptocurrency and digital asset industry players to provide data on their diversity and inclusion practices. Specifically, the lawmakers, includin...
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A bipartisan bill was introduced in the U.S. Senate this week that seeks to clarify the digital asset reporting requirements in the Infrastructure Investment and Jobs Act (IIJA). Specifically, the ...
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A bipartisan group of U.S. senators introduced legislation that would supply the Commodity Futures Trading Commission with new tools and authorities to regulate digital commodities. This mandatory fra...
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The Securities and Exchange Commission (SEC) charged 11 people for creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme. The scheme raised more than $300 million from millio...
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U.S. Sens. Ron Wyden (D-OR) and Jeff Merkley (D-OR) recently joined a group of senators that has proposed legislation that prohibits banks and other financial institutions from discriminating on the b...
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U.S. Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) introduced legislation to enhance competition and choice in the credit card network market. The Credit Card Competition Act of 2022 would dir...
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U.S. Reps. Suzanne Bonamici (D-OR) and Brian Fitzpatrick (R-PA) are sponsoring a bill to help student loan borrowers avoid default. The Streamlining Income-driven, Manageable Payments on Loans for ...
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U.S. Sens. Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) introduced a bill that would exempt small personal transactions that use virtual currencies for goods and services from taxation. The Virtual ...
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The State of Illinois saw a massive 50 percent increase in total tax reported from adult-use cannabis over the past year. Specifically, tax revenue went from $297.7 million in fiscal year 2021 to $...
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