Tagged: ron wyden

November 29, 2022 @ 4:55 pm By JD Alois  |  

  Senator Ron Wyden, the Chairman of the Senate Committee on Finance, has sent letters to several crypto exchanges which operate in the US pressing them on consumer protection concerns in the wake of the bankruptcy of FTX. Senator Wyden contacted the following crypto exchanges; … Read More

March 28, 2022 @ 4:29 pm By JD Alois  |  

Senate Finance Committee Chairman Ron Wyden has issued a statement indicating he is investigating if crypto firms are using the Opportunity Zone program to “avoid taxes without significantly benefitting low-income communities.” Senator Wyden states that he has requested two crypto firms, Argo Blockchain (NASDAQ:ARBK) and… Read More

September 7, 2021 @ 7:56 am By Paul H. Jossey  |  

Progressives should love cryptocurrency, the latest innovation that brings power to the people. Turns out, they don’t. Perhaps surprisingly, it is precisely because crypto circumvents the corporate, permissioned, speech-controlled online world that angers progressives. Crypto threatens to nix not just the corporation but also the… Read More

August 6, 2021 @ 6:10 pm By JD Alois  |  

Following the kerfuffle regarding the infrastructure bill’s inclusion of a broad definition of brokers in regards to digital assets, the blockchain industry joined in roundly criticizing the language as being extreme to the point of undermining crypto innovation. Soon, several Senators partnered to create a… Read More

August 6, 2021 @ 3:02 pm By JD Alois  |  

Infrastructure used to mean roads, airports, bridges, etc. Today, infrastructure, as defined by our elected representatives, means oh so much more. The massive spending bill being foisted upon the populace by Congress is still being dissected but one area that it may impact is digital… Read More

August 4, 2021 @ 10:00 pm By JD Alois  |  

Three US Senators have joined together to submit an amendment to the infrastructure bill to protect digital asset innovation. Senators Pat Toomey, Ron Wyden, and Cynthia Lummis have filed the change to clarify the definition of a broker in regards to reporting requirements impacting crypto… Read More

March 11, 2018 @ 10:56 am By JD Alois  |  

The US Department of Treasury, Financial Crimes Enforcement Network (FinCEN), recently sent a letter to US Senator Ron Wyden clarifying its stance on cryptocurrency exchanges that these entities must register as Money Services Businesses (MSBs). While the letter from FinCEN signed by Assistant Secretary for… Read More