US Debt Ceiling Soars as Crypto Tax Nixed – Controversial Bill Finally Passes!
In a dramatic turn, the United States debt ceiling bill recently received approval from the House, effectively sidestepping the contentious topic of crypto taxation. Initially met with significant pushback from President Joe Biden and other quarters due to perceived benefits to wealthy tax evaders and cryptocurrency traders, the bill eventually secured sufficient backing. With […]
“New York Bill to Permit Crypto-Based Stablecoin Payments for Bail Bonds: A Game-Changer?”
New York state has proposed new legislation, Assembly Bill 7024, to authorize the use of fiat-collateralized stablecoins as a form of bail. The bill, introduced on May 10, aims to amend the law to permit stablecoins to be used for bail bonds, in addition to the existing authorized methods of payment such as cash, insurance, […]
“Texas Lawmakers Unveil Revolutionary Gold-Backed Digital Currency Bill: A Game Changer?”
Texas Lawmakers Propose Gold-Backed Digital Currency Legislation Texas lawmakers have recently introduced a bill proposing the establishment of a gold-backed digital currency, which has the potential to revolutionize the state’s financial landscape. House Bill 4474, sponsored by Representative Tan Parker, aims to create a comprehensive regulatory framework for digital currencies and their use within the […]