Senator Ted Cruz Spearheads Permanent CBDC Ban in U.S. Housing Bill: Privacy on the Line Senator Ted Cruz of Texas has thrown down the gauntlet in his relentless battle against central bank digital currencies (CBDCs), leveraging a bipartisan housing bill to push for a permanent ban. His amendment, filed on March 6, 2023, to the […]
Read Full Article
Crypto Industry Fights Back Against IRS Overreach on DeFi The cryptocurrency sector, backed by the Blockchain Association and Senator Ted Cruz, is rallying against a new IRS rule threatening to stifle decentralized finance (DeFi) innovation. This contentious regulation, quietly dropped during the holiday season, could drive DeFi development offshore and compromise U.S. leadership in blockchain […]
Read Full Article
IRS Crypto Rules Spark Pushback From Texas Senator Ted Cruz Senator Ted Cruz is gearing up for a showdown with the IRS over controversial crypto income reporting rules, signaling a major battle between government oversight and the burgeoning world of decentralized finance. Cruz challenges IRS rule on crypto income reporting using CRA. Rule expands ‘broker’ […]
Read Full Article
Ted Cruz and Allies Challenge IRS Crypto Rule, Sparking Industry Debate Is the IRS about to kill the spirit of decentralized finance with its new rule? Senator Ted Cruz and allies think so. Ted Cruz challenges IRS crypto rule using CRA Rule requires decentralized exchanges to collect user data Crypto industry backlash and legal action […]
Read Full Article