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Crypto

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U.S. House Forges Ahead with Cryptocurrency Tax Legislation
Crypto

U.S. House Forges Ahead with Cryptocurrency Tax Legislation

Despite clearing the vote to get out of a U.S. Senate committee, the vote on the full U.S. Senate floor of the Digital Asset Market Clarity Act continues to be pushed back. The Clarity Act primarily aims to provide clear rules for the offer, sale and trading of digital commodities in the United States. The […]

Maria Soledad
El Salvador’s Bitcoin Reserve Hits 7,672 Coins Worth $487.5 Million as Five-Year Anniversary of Bitcoin Law Approaches
Crypto

El Salvador’s Bitcoin Reserve Hits 7,672 Coins Worth $487.5 Million as Five-Year Anniversary of Bitcoin Law Approaches

San Salvador (EFE) — El Salvador’s strategic bitcoin reserve grew to 7,672 coins as of Thursday, valued at more than $487.5 million, according to official records on the government’s bitcoin.gob.sv portal — just days before the five-year anniversary of the law that made the country the first in the world to adopt bitcoin as legal […]

Caribbean Business Staff
blue and red line illustration
Crypto

Crypto Clarity Bill clears hurdle in Senate Banking Committee

With a 15 to 9 vote, the Digital Assets Market Clarity Act or Clarity Act cleared the markup session vote at the Senate Banking Committee and is now headed to the full Senate.  While the primary fight between the banking industry and crypto sector was around what type of rewards can crypto exchange platforms offer […]

Maria Soledad
photo of Capital Hill, Washington, D.C.
Crypto

Fight around crypto Clarity Bill heats up

After months in committee, the Senate is poised to consider the Digital Assets Market Clarity Act, or Clarity Act, which seeks to create greater regulation for cryptocurrencies. The Senate Banking Committee announced a markup hearing for today, Thursday, May 14, at 10:30 am with the aim of holding a final debate on the bill and […]

Maria Soledad
vehicles on road during daytime
Crypto

U.S. Senate Advances Crypto Market Structure Bill as Regulators Push for Greater Clarity on Digital Assets

After months in committee, the U.S. Senate is preparing to take up the Digital Asset Market Clarity Act, or Clarity Act, legislation aimed at establishing greater regulatory oversight for cryptocurrencies. The Senate Banking Committee announced a markup hearing scheduled for Thursday as lawmakers move toward a final debate on the measure, with a full Senate […]

Maria Soledad