“US House Hearing Explores Exciting Plan for Crypto Self-Regulation: Innovation Unleashed?”
US regulators have explored the idea of a cryptocurrency self-regulatory organization (SRO) that would be overseen by both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Former CFTC Chair Timothy Massad discussed the viability of such a system with members of Congress at a digital assets hearing. Massad claimed in his opening testimony that Congress […]
Biden’s Crypto Mining Tax Plan: Will it Curb Emissions or Fall Flat, Critics Debate
Cryptocurrency miners in the United States may face a 30% tax on the cost of electricity they use if President Joe Biden’s proposed budget for the fiscal year 2024 is approved by Congress. The proposal has sparked debate over whether the tax could help reduce global emissions and energy prices. Cryptocurrency mining is an energy-intensive […]