A bipartisan group of U.S. Senators want Treasury Secretary Janet Yellen to specify how the finance ministry will define a “broker” for crypto tax reporting purposes.In an open letter published Tuesday, Senators Rob Portman (R-Ohio), Mark Warner (D-Va.), Mike Crapo (R-Idaho), Kyrsten Sinema (D-Ariz.), Pat Toomey (R-Pa.) and Cynthia Lummis (R-Wyo.) wrote that the crypto industry … [Read more...] about US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill
Yellen
Yellen Says Stablecoins Require Proper Regulations
Yellen noted that in its updated guidance, the FATF clarified that its intent was not to regulate as virtual asset providers (VASPs) people or providers that “provide only ancillary services or products to a virtual asset network, including hardware manufacturers, providers of unposted wallets, software developers, or miners that are not otherwise engaged in covered … [Read more...] about Yellen Says Stablecoins Require Proper Regulations