Pat Toomey

Users will not have to pay capital gains taxes when the asset appreciates less than $50 for personal transactions

Sen. Pat Toomey’s draft bill goes against stablecoin policy recommendations from the President’s Working Group on Financial Markets

The ongoing conflict in Ukraine could impede progress on the bills

The eCNY, or digital yuan, can be used to make purchases within the Olympic Village

Markets rallied on the news but their overall future remains in limbo with inflation running hot and rate hikes on the horizon

The Federal Reserve is considering whether to wrap up the taper of asset purchases months sooner than previously planned.

The White House comes out in support of the original provision which requires digital asset brokers to disclose investors’ gains earned from cryptocurrency. Senate to vote as early as Saturday, August 7.