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Infrastructure bill: senator emphasizes on discarding crypto reporting

Infrastructure bill: senator emphasizes on discarding crypto reporting

The Senate Banking Committee’s Ranking Member Pat Toomey (R-PA) released a press release today encouraging Congress not to move forward with new bitcoin information reporting legislation in the infrastructure bill. He declared that the phrase was “unworkable” and that he would propose an amendment to remedy it. Late last week, a section of the Infrastructure bill dealing with cryptocurrency tax reporting came under fire for having some unintended and far-reaching consequences due to the way the language was written.
“Congress should not rush forward with this hastily-designed tax reporting regime for cryptocurrency, especially without a full understanding of the consequences,” Toomey said. The cryptocurrency tax reporting language could be the first in the United States, and its inclusion in a “must-pass infrastructure bill” raised questions about how quickly this policy was crafted ....

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'Extreme Concern': Oversight Republican Demands IG Investigation Into Biden Administration's Hiring Practices

'Extreme Concern': Oversight Republican Demands IG Investigation Into Biden Administration's Hiring Practices
dailycaller.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailycaller.com Daily Mail and Mail on Sunday newspapers.

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Hice Demands IG Investigation Into Biden Administration's Hiring Practices

Hice Demands IG Investigation Into Biden Administration's Hiring Practices
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Overnight Energy: Biden will aim to cut US emissions in half by 2030 | Oil and gas leasing pause on public lands will last at least through June

Overnight Energy: Biden will aim to cut US emissions in half by 2030 | Oil and gas leasing pause on public lands will last at least through June
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Senate Confirms Warren Ally to Lead Top Wall Street Regulator

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The Senate confirmed Gary Gensler, a progressive ally of Sen. Elizabeth Warren, to lead the Securities and Exchange Commission, the top Wall Street regulatory agency.
“Mr. Gensler is an experienced public servant with a strong record of holding Wall Street accountable,” Senate Banking Committee Chairman Sherrod Brown said Tuesday.
Senate Republicans opposed Gensler’s, arguing that he had a penchant for over regulating when he led the Commodity Futures Trading Commission during the Obama administration.
The Senate confirmed Gary Gensler, a progressive ally of Sen. Elizabeth Warren, to lead the Securities and Exchange Commission, the top Wall Street regulatory agency. ....

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