The much-debated $1.2 million bill on cryptocurrencies has passed the US House of Representatives, and President Jeo Biden is now awaited. The bill first received approval from the Senate in August. Now, 218 deputies are voting in favor of the parliamentary vote, and despite all the pressure, there are steps left.
Anna Eshoo argues bill could cause compliance difficulties
Despite pressure and struggle in the Senate, there was hope for a change in the House of Representatives. However, 218 deputies voted in favor and left the initiatives in this regard inconclusive. Democratic member Anna Eshoo, known as a close friend of Speaker of the House of Representatives Nancy Pelosi, demanded a change in the tax provision on cryptocurrencies in a letter to the president, arguing that the definition is too broad and therefore could cause compliance difficulties. Due to its scope, the definition also included parties that did not primarily mediate transactions, such as miners.
Cynthia Lummis: Bitcoin is the only commodity, cryptocurrencies are securities
In front of the 1.2 trillion dollar bill, which passed the Senate in August and the House of Representatives yesterday, there is only the regulation to be published by the Treasury Department. The ministry wants clarity on how the law can be interpreted and how businesses and other entities can adapt. cryptocoin.com You can access the Bitcoin and meme coin statements of US Senator Cynthia Lummis, which we have quoted as: At Lummis, he urges American regulators to implement a comprehensive regulatory framework on Bitcoin. The US Senator also said that he does not believe that meme coins like Shiba Inu (SHIB), Floki Inu (FLOKI) and Dogecoin (DOGE) are “permanent”. According to him, Bitcoin is the only commodity, and meme coins and other cryptocurrencies are securities.
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