🚀 Cryptocurrency Tax Amendment in Infrastructure Bill Faces Last-Minute Disagreements
#Cryptocurrency #Tax #Amendment #InfrastructureBill #SenatorCynthiaLummis #WhiteHouse #Investment #JobsAct
According to PANews, despite some last-minute disagreements last Sunday, the amendment concerning cryptocurrency taxation in the Infrastructure Investment and Jobs Act remains on today's agenda. The White House is aware of the ongoing disputes and is actively working to include the provisions proposed by Senator Cynthia Lummis in the final bill.#Cryptocurrency #Tax #Amendment #InfrastructureBill #SenatorCynthiaLummis #WhiteHouse #Investment #JobsAct
🚀 Schumer Opposes Republican Government Funding Bill Amid Amendment Plans
#USPolitics #ChuckSchumer #GovernmentFunding #GENIUSAct #Stablecoins #RepublicanBill #Democrats #Amendment
According to Foresight News, U.S. Senate Minority Leader Chuck Schumer has expressed opposition to the Republican-backed government funding bill. He hopes that House Democrats will mount a strong resistance against the proposal, stating, "I voted against it."
Previously, Foresight News reported via Cointelegraph that Schumer, along with Senators Elizabeth Warren and Jeff Merkley, is planning to introduce an amendment to the GENIUS Act. The amendment aims to restrict the Trump family from profiting through stablecoins.#USPolitics #ChuckSchumer #GovernmentFunding #GENIUSAct #Stablecoins #RepublicanBill #Democrats #Amendment
🚀 🔥 Banking GOP Bill Pulled, But Path Forward Remains 🔥
#Banking #GOP #Bill #SenateBankingCommittee #TokenizedSecurities #Coinbase #Legislation #Amendment #EthicsConcerns #WhiteHouse #BipartisanDeal #AgricultureCommittee #ClarityAct #FinancialServicesCommittee #Negotiations
Nearly 24 hours after the GOP-led markup on the Senate Banking Committee’s bill was pulled, industry insiders, lawmakers, and staffers are still processing the fallout—and many remain frustrated by the process, according to Eleanor Terrett (@EleanorTerrett).Sources tell Terrett that hope remains for the legislation if banks, Coinbase, and Democratic lawmakers can reach a deal on yield in the coming days. “All is not lost,” said one insider.The contentious tokenized securities provision, Section 505, now appears less of a roadblock. Tokenization firms suggest the language Coinbase objected to was taken out of context, while stakeholders—including Coinbase CEO Brian Armstrong—say a significant amendment or removal of the section is possible.Ethics concerns remain unchanged, and talks between the White House and Senate are ongoing.Questions also persist about whether the Banking Committee’s shifted markup will affect the Agriculture Committee’s timeline. Sources tell Terrett the order may not matter: if Agriculture secures a bipartisan deal, it could ease the Senate Banking process. This mirrors last summer’s House experience, when the Agriculture Committee passed its portion of the Clarity Act 47-6, encouraging the Financial Services Committee to move forward even with less Democratic support.As negotiations continue, both the industry and Congress are watching closely to see if a compromise emerges to revive the bill.#Banking #GOP #Bill #SenateBankingCommittee #TokenizedSecurities #Coinbase #Legislation #Amendment #EthicsConcerns #WhiteHouse #BipartisanDeal #AgricultureCommittee #ClarityAct #FinancialServicesCommittee #Negotiations
🚀 SEC Proposes Amendment to Exclude Crypto Assets from Rule 15c2-11
#SEC #cryptoassets #Rule15c2-11 #regulation #digitalassets #NS3AI #amendment #US #SecuritiesandExchangeCommission
The U.S. Securities and Exchange Commission (SEC) has proposed an amendment to Exchange Act Rule 15c2-11, aiming to exclude crypto assets from its scope. According to NS3.AI, the rule currently enforces information-gating requirements, which the amendment seeks to adjust. This proposal, announced on March 16, reflects the SEC's ongoing efforts to adapt regulatory frameworks to the evolving landscape of digital assets.#SEC #cryptoassets #Rule15c2-11 #regulation #digitalassets #NS3AI #amendment #US #SecuritiesandExchangeCommission
🚀 Bitwise Amends Spot Hyperliquid ETF Proposal with SEC
#Bitwise #AssetManagement #HyperliquidETF #SEC #Amendment #ManagementFee #Flowdesk #Wintermute #A1 #AnchorageDigitalBank #NYSEArca #BHYP #HYPE #LiquidityReserve #Redemptions
Bitwise Asset Management has submitted a second amendment for its proposed spot Hyperliquid ETF to the U.S. Securities and Exchange Commission as of April 10. According to NS3.AI, the amendment outlines a 0.67% annual management fee and introduces Flowdesk and Wintermute as approved HYPE trading counterparties, while removing A1 from the list. Anchorage Digital Bank remains the custodian for the fund. The ETF is set to trade on NYSE Arca under the ticker BHYP, with plans to stake the majority of its HYPE holdings while maintaining a 30% liquidity reserve for redemptions.#Bitwise #AssetManagement #HyperliquidETF #SEC #Amendment #ManagementFee #Flowdesk #Wintermute #A1 #AnchorageDigitalBank #NYSEArca #BHYP #HYPE #LiquidityReserve #Redemptions