Kirsten Gillibrand
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The bill could be slipped into the US Farm Bill up to be renewed in September 2023, Sen. Tommy Tuberville said
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Several crypto bills that never made it out of committee last session are making their second run at becoming law this year
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The revised version is going to be more detailed when it comes to defining tokens, Sen. Gillibrand said
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Roughly 80% of respondents say crypto regulations should be clearer, including 88% of Democrats and 77% of Republicans
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“A well-considered initial framework from renowned regulators will lend credibility to crypto,” LMAX CEO said
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As US law currently stands, stakers and miners are required to pay taxes on rewards such as income, regardless of if the tokens were sold or traded
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The bill specifies that DAOs are by default classified as a business entity, meaning that these community-led groups can expect to pay up on tax day
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Senators Lummis and Gillibrand are out to prove bipartisan digital asset policy is still possible in Washington
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