**Crypto Legislation Moves Through Congress: What You Need to Know** In recent years, the conversation surrounding cryptocurrency has shifted from niche tech discussions to mainstream financial debates. A pivotal voice in this shift is Kristin Smith, CEO of the Blockchain Association, who recently highlighted the progress of crypto regulation through Congress. This marks a significant step as the U.S. government grapples with the implications of digital currency on both the economy and regulatory frameworks. Smith believes that as these legislative efforts gain traction, we can expect to see an increase in companies adding Bitcoin and other cryptocurrencies to their balance sheets. This trend is influenced by the growing recognition of Bitcoin as a legitimate asset class and its potential to diversify company portfolios. As more companies explore this avenue, the call for clear regulatory guidelines becomes even more critical. The legislative push aims to establish a framework that ...
**Senate Sends IRS Crypto Rule Repeal to the White House** In a significant move, the U.S. Senate has passed a measure to repeal an IRS rule concerning cryptocurrency, sending it to the White House for approval. This action marks a strategic push by the Republican Party to position itself as a supporter of the burgeoning blockchain industry, which has been increasingly recognized for its potential contributions to the U.S. economy. The IRS rule in question has been a point of contention within the crypto community and among legislators. Critics argue that the rule imposes unnecessary burdens on those involved in cryptocurrency transactions, potentially stifling innovation and growth within the sector. By aiming to revoke this regulation, the Senate is signaling its intent to foster a more accommodating environment for blockchain technologies and digital currencies. The move reflects a broader political strategy. The Republican Party is actively seeking to align itself with technolog...