Search results for Tim Scott
Crypto
U.S. Senate introduces crypto tax bill, proposes tax exemption for stablecoin payments
U.S. Republican Senator Steve Daines introduced a crypto tax overhaul bill on Sept. 30 that would exempt taxes on stablecoin payments and small network fees. The proposal seeks to reduce tax burdens for everyday crypto use while extending anti-avoidance rules used for stocks to cryptocurrencies. It would exclude certain U.S. dollar stablecoin purchases from capital gains and reporting requirements and set limits for network-fee transactions, with exclusions for traders, dealers and others.
Crypto
SEC, CFTC step up crypto rulemaking after Clarity bill stalls in U.S. Senate
After the Clarity bill, a comprehensive U.S. crypto regulatory proposal, stalled in the Senate, federal regulators accelerated efforts to update rules using existing authority, CNBC reported. The SEC issued an order outlining a temporary path to allow some tokenised stock trading, while the CFTC sent a crypto rule proposal for White House review. Industry figures and lawmakers urged clearer rules, as state-federal tensions over regulatory authority intensify.
Crypto
U.S. Clarity Act vote and Fed rate decision loom as big events; XRP leads crypto gains
Cryptocurrencies rose ahead of a U.S. Senate vote on a crypto market structure bill and the Federal Reserve’s interest rate decision, with XRP leading gains among major tokens. Investors are focusing on a cloture vote on H.R. 3633 on Sept. 15 and the FOMC meeting on Sept. 16. Prediction markets reflected higher odds of the bill being signed in 2026 and of a 0.25 percentage point Fed hike.
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Crypto
U.S. Senate Republicans revise Clarity bill to bar officials from issuing or holding crypto
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Crypto
U.S. Senate push for Clarity Act draws backing from majority whip, faces Democratic and bank-sector resistance
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Crypto
White House discusses bipartisan compromise on ethics rules as U.S. CLARITY bill faces late hurdle
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Crypto
U.S. Senate banking chair says CLARITY bill could face vote before August recess
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Crypto
U.S. crypto policy exodus cuts odds of Clarity Act passage this year to 27 percent
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Crypto
U.S. police union backs Clarity Act revision, Coinbase urges Senate to take position
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Crypto
U.S. Senate Banking chair seeks to pass Clarity Act, hopes for clearer rules
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Crypto
U.S. CFTC chair urges Congress to pass CLARITY Act
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Crypto
Clarity Act Senate vote nears as U.S. House lawmaker urges action in July
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Crypto
U.S. Clarity Act approval odds rebound to 55 percent, August recess seen as key test
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Crypto
Clarity bill faces July turning point as U.S. crypto regulation hangs in balance
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Crypto
CLARITY Act fate hinges on next 2 weeks as U.S. Senate enters last-ditch talks
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Crypto
Pressure builds for Clarity Act Senate vote, but prediction markets see August deadline unlikely
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Crypto
Trump pro-crypto push prompts U.S. SEC, Ripple to call for CLARITY Act passage
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Crypto
Progress on U.S. CLARITY Act but 60 votes in full Senate uncertain