United States Senator and cryptocurrency critic Elizabeth Warren has introduced her bid for President in 2020, the New York Instances reported on Dec. 31. Following her announcement, Sen. Warren made plans to go to the state of Iowa, which hosts the primary presidential caucuses within the nation in February 2020.
Warren is the senior U.S. senator from Massachusetts and has held workplace within the Senate since 2013. The senator is thought for her criticism of cryptocurrencies, having repeatedly expressed considerations that cryptocurrency customers might be damage by rip-off preliminary coin choices (ICOs) whereas additionally stating that crypto is “simple to steal.”
Talking at a Senate Banking Committee listening to in October, Warren asserted that “the problem is how one can nurture productive points of crypto with defending customers.” The Senator additionally outlined that American customers are falling sufferer to cryptocurrency scammers. Sen. Warren reiterated her important stance in November, stating:
“It’s American households that find yourself paying the worth when any regulator says we’re extra keen on Wall Avenue. What I feel is that we want a [Federal Reserve] that’s engaged in watching the place danger builds up within the system. That’s the Fed’s job — that’s not the job of American households.”
Regulation of the cryptocurrency house is a matter of a lot concern for trade gamers. At the moment, enterprise capital investor Fred Wilson wrote in a weblog publish that he’s particularly involved in regards to the “actions introduced by misguided regulators who will take purpose at prime quality tasks and hurt them.”
Wilson additionally recommended that Donald Trump will probably be impeached and faraway from the White Home by the top of 2019 following a report back to be issued by Robert Mueller that outlines an alleged historical past of unlawful actions by the president and his electoral marketing campaign.
On Dec. 6, U.S. Representatives Darren Soto and Ted Budd introduced two payments geared toward stopping cryptocurrency worth manipulation and optimizing the regulatory framework. The primary invoice outlines doable situations of worth manipulation in crypto markets and advances treatments, whereas the second requires a comparative research of regulatory preparations in different nationwide jurisdictions.
In November, the state of Ohio began accepting cryptocurrency as a fee choice to pay taxes. Companies will be capable of pay 23 totally different taxes utilizing BTC by a web-based portal that has been arrange by the state treasury workplace. Because it stands, people won’t be able to make use of the service to pay non-public taxes.
Different U.S. states have tried to cross payments that might enable taxes to be paid utilizing cryptocurrency. Nevertheless, these payments have been stopped of their tracks by state lawmakers.