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ATR Op-Ed: Biden’s Policies on Crypto Resemble China

August 19, 2021
Source: feedburner.com feedburner.com
News Snapshot:
ATR Op-Ed: Biden’s Policies on Crypto Resemble China In an op-ed published in Townhall today , ATR Federal Affairs Manager Bryan Bashur highlights the Biden administration’s animosity toward the cryptocurrency industry. The Treasury Department, Federal Reserve, and Securities and Exchange Commission are all implementing policies that resemble China’s crackdown on cryptocurrencies. Recently, the Treasury Department lobbied to keep a broad definition of digital asset “broker” in the base text of the bipartisan infrastructure bill. As Bashur points out: Treasury claims it needs the broad definition to better enforce tax compliance. However, it will only open the door for the IRS...
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Tags: bank | Biden | bitcoin | blockchain | chairman | China | climate change | commission | communist | crackdown | credit | crypto | cryptocurrency | currency | data | digital | environment | ESG | finance | financial | fintech | government | HERE | technology | United States

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