politics

US Reps Hope to Amend Infrastructure Bill’s Crypto Rules 
US Reps Hope to Amend Infrastructure Bill’s Crypto Rules 
November 18, 2021  |  Cryptocurrency

A bipartisan collective of U.S. congressional representatives has introduced a bill aimed at dealing with a tax reporting requirement for cryptocurrency in the $1.7 trillion...

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Biden Meets With Walmart, Target on Overcoming Supply Chain Issues
Biden Meets With Walmart, Target on Overcoming Supply Chain Issues
November 10, 2021  |  Retail

President Joe Biden on Tuesday (Nov. 9) met with leaders from Walmart, United Parcel Service, FedEx and Target, according to a Reuters report, in an...

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Contentious Bitcoin Tax Reporting Plan Awaits Biden’s Signature
Contentious Bitcoin Tax Reporting Plan Awaits Biden’s Signature
November 09, 2021  |  Cryptocurrency

A new cryptocurrency tax reporting mandate is expected to become law once President Joe Biden signs the measure, according to a Monday (Nov. 8) report...

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US Cyber Director Says Cyberattacks Traced to Russia Are Down
US Cyber Director Says Cyberattacks Traced to Russia Are Down
November 03, 2021  |  Cybersecurity

Speaking at a hearing for the House Committee on Financial Services on Wednesday (Nov. 3) about how to address cyber attacks such as ransomware, U.S....

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Biden Officially Nominates Omarova to Head OCC Despite Objections
Biden Officially Nominates Omarova to Head OCC Despite Objections
November 03, 2021  |  Bank Regulation

Over the objections of bankers and critics in the Senate, President Joe Biden officially nominated Cornell University law professor Saule Omarova to serve as the...

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Warren: CFPB Has Power To Stop Crypto Fraud
Warren: CFPB Has Power To Stop Crypto Fraud
October 28, 2021  |  CFPB

The Consumer Financial Protection Bureau (CFPB) doesn’t have to wait for other agencies’ action to curb cryptocurrency payment abuse, Sen. Elizabeth Warren said Thursday (Oct....

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CFPB Expected To Query Tech Giants Over Financial Data Handling
CFPB Expected To Query Tech Giants Over Financial Data Handling
October 21, 2021  |  CFPB

Big tech companies in the U.S. are expected to receive a request for information packet from Rohit Chopra, the new director of the Consumer Financial...

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Biden Pulls Back on IRS Bank Account Tracking Proposal
Biden Pulls Back on IRS Bank Account Tracking Proposal
October 20, 2021  |  Taxes

The controversial proposal by the Biden administration to grant the IRS the power to track bank accounts with more than $600 in annual transactions is...

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Senate Could Scrap Biden’s OCC Choice Saule Omarova Ahead of Vote
Senate Could Scrap Biden’s OCC Choice Saule Omarova Ahead of Vote
October 20, 2021  |  Politics

Senate Democrats are divided in their support of President Joe Biden’s nomination to lead the Office of the Comptroller of the Currency (OCC) Saule Omarova...

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