politics

US Reps Hope to Amend Infrastructure Bill’s Crypto Rules 

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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