Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: Tnoy30 on October 12, 2021, 12:31:29 PM
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Exactly 3% of the United States Senate attended the Texas Blockchain Summit on Friday, all addressing their fellow lawmakers' understanding of crypto and blockchain.
Wyoming Senator Cynthia Lummis said the Treasury Department may be more of a threat to innovation in blockchain and cryptocurrencies in the United States than the Securities and Exchange Commission or the Commodity Futures Trading Commission.
Speaking at the Texas Blockchain Summit in Austin on Friday, Lummis said her recent concerns with the federal agency came from the language concerning brokers of cryptocurrency in the infrastructure bill currently at the center of debate in Congress — Treasury Secretary Janet Yellen has expressed her support of the legislation. Under the wording passed by the Senate in August, brokers would have to report digital asset transactions worth more than $10,000 to the Internal Revenue Service.
Source: US lawmaker is most concerned about Treasury's response to crypto
(https://cointelegraph.com/news/us-lawmaker-is-most-concerned-about-treasury-s-response-to-crypto)