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#Republicans on the committee have no interest in averting an economic catastrophe that will befall the U.S. if the #debt ceiling is not raised, the leaked memo said. #cryptoregulation https://news.bitcoin.com/leaked-memo-suggests-democrats-on-us-house-committee-were-told-to-support-party-position-on-crypto-regulation/
#Republicans on the committee have no interest in averting an economic catastrophe that will befall the U.S. if the #debt ceiling is not raised, the leaked memo said. #cryptoregulation

https://news.bitcoin.com/leaked-memo-suggests-democrats-on-us-house-committee-were-told-to-support-party-position-on-crypto-regulation/
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Democrats are still pushing the issue even though #Republicans were able to stop a tax-loss harvesting provision that was intended to target the #cryptocurrency business from being buried into the recently enacted debt ceiling bill. Before the bill was put to a vote in the House and Senate, #Congress eliminated the part on cryptocurrency #taxes. The clause was designed to stop cryptocurrency wash trading. While wash trading is prohibited when it comes to securities, the #IRS does not consider cryptocurrency to be a security.
Democrats are still pushing the issue even though #Republicans were able to stop a tax-loss harvesting provision that was intended to target the #cryptocurrency business from being buried into the recently enacted debt ceiling bill.

Before the bill was put to a vote in the House and Senate, #Congress eliminated the part on cryptocurrency #taxes. The clause was designed to stop cryptocurrency wash trading. While wash trading is prohibited when it comes to securities, the #IRS does not consider cryptocurrency to be a security.
Republicans Vs The SEC 🇺🇲🌎Latest updates from the Committee of Financial Services Republicans reveal insights on the ongoing hearings and clarifications, as regards digital assets and most importantly, the questionable competence of #GaryGensler . The Chairman Financial Services Republican, Patrick McHenry has convened the House Financial Services Committee for a hearing on the future of the digital asset ecosystem in the U.S. "Under Gensler, the SEC is pursuing a regulation by enforcement approach to digital assets that has repeatedly failed to protect consumers and smothers financial innovation. Republicans are working on comprehensive legislation to end Chair Gensler's reckless actions. Following his letter with Chairman @PatrickMcHenry to FinCEN and @USTreasury, @RepRWilliams questions @SecYellen on Treasury's efforts to educate small business owners about FinCEN's rulemaking to collect beneficial ownership information. All Republicans on the House Financial Services Committee sent a letter to @SECGov demanding it rescind its proposed amendments to the definition of "exchange," which would stifle innovation and harm digital asset market participants." With this type of heat, coming from the #Republicans and Congressman, we should be seeing some quick and positive response from the sec in no time. Meanwhile, Great #news for #Binance and the #crypto2023 community in general, as the Presiding Judge tells the sec and binance, to come up with an agreement plan. Moreso, none of Binance US assets will be frozen and operations are not hindered. Most investors are already piling up their bags as these indicators are bullish in nature. $BNB is already on the road to $300💹, please dyor💥. Let's hear your thoughts below 👇 What do you think about all these happenings? 🤔 Thanks for reading, stay tuned for more. Follow ✅ Like ✅ Share this article 👍✍️

Republicans Vs The SEC 🇺🇲🌎

Latest updates from the Committee of Financial Services Republicans reveal insights on the ongoing hearings and clarifications, as regards digital assets and most importantly, the questionable competence of #GaryGensler .

The Chairman Financial Services Republican, Patrick McHenry has convened the House Financial Services Committee for a hearing on the future of the digital asset ecosystem in the U.S.

"Under Gensler, the SEC is pursuing a regulation by enforcement approach to digital assets that has repeatedly failed to protect consumers and smothers financial innovation.

Republicans are working on comprehensive legislation to end Chair Gensler's reckless actions.

Following his letter with Chairman @PatrickMcHenry to FinCEN and @USTreasury, @RepRWilliams questions @SecYellen on Treasury's efforts to educate small business owners about FinCEN's rulemaking to collect beneficial ownership information.

All Republicans on the House Financial Services Committee sent a letter to @SECGov demanding it rescind its proposed amendments to the definition of "exchange," which would stifle innovation and harm digital asset market participants."

With this type of heat, coming from the #Republicans and Congressman, we should be seeing some quick and positive response from the sec in no time.

Meanwhile, Great #news for #Binance and the #crypto2023 community in general, as the Presiding Judge tells the sec and binance, to come up with an agreement plan. Moreso, none of Binance US assets will be frozen and operations are not hindered.

Most investors are already piling up their bags as these indicators are bullish in nature. $BNB is already on the road to $300💹, please dyor💥.

Let's hear your thoughts below 👇

What do you think about all these happenings? 🤔

Thanks for reading, stay tuned for more.

Follow ✅

Like ✅

Share this article 👍✍️
Trump attacks Harris policies - and persona - as allies push for messaging shiftASHEVILLE, North Carolina, Aug 15 - #Republicans presidential candidate #donald Trump lobbed a series of personal and policy-based attacks at his Democratic rival Kamala Harris in a speech on Wednesday, hoping to recover from a difficult stretch during which his lead in opinion polls has all but evaporated. Some allies, donors and advisers have expressed concern at Trump's attacks on the U.S. vice president's intellect and suggested that he instead focus on what they argue are the failed policies Harris has promoted while in office. Speaking to supporters in Asheville, North Carolina, Trump steered clear of broadsides challenging Harris' racial identity and spoke about policy in more detail than he has at other recent events. But he continued to throw personal insults at her, at one point calling her "stupid" and denigrating her laugh as a cackle, saying: "That's the laugh of a person with some big problems." Since emerging as the Democratic Party's candidate after President Joe Biden dropped his own reelection bid last month, Harris has dramatically changed the race. Polls have consistently shown her closing the gap on Trump and some now have her ahead in the race for the Nov. 5 election. The surge has rattled Trump's campaign, and he has responded with insults. He has implied that Harris, whose mother was born in India and whose father was born in Jamaica, has only recently leaned into her Black identity. Some Republicans have smeared her with racist and sexist attacks. Some Trump allies say the approach has hurt his campaign. "Personally it makes no difference to me what Kamala wants to identify as," said Bill Bean, a major Republican donor who hosted Trump's vice presidential pick, JD Vance, at an Indiana fundraiser in late July. Bean said he had talked with Vance and Republican National Committee chair Michael Whatley about the need to attack Harris on her policy record, not her identity Trump spent the latter part of his North Carolina speech doing just that: attacking her policies while spelling out his own. He said he would open up federal lands to drilling and ease the permitting process for pipelines among other measures designed to bring down consumer prices should he defeat Harris. #LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn

Trump attacks Harris policies - and persona - as allies push for messaging shift

ASHEVILLE, North Carolina, Aug 15 - #Republicans presidential candidate #donald Trump lobbed a series of personal and policy-based attacks at his Democratic rival Kamala Harris in a speech on Wednesday, hoping to recover from a difficult stretch during which his lead in opinion polls has all but evaporated.
Some allies, donors and advisers have expressed concern at Trump's attacks on the U.S. vice president's intellect and suggested that he instead focus on what they argue are the failed policies Harris has promoted while in office.
Speaking to supporters in Asheville, North Carolina, Trump steered clear of broadsides challenging Harris' racial identity and spoke about policy in more detail than he has at other recent events. But he continued to throw personal insults at her, at one point calling her "stupid" and denigrating her laugh as a cackle, saying: "That's the laugh of a person with some big problems."
Since emerging as the Democratic Party's candidate after President Joe Biden dropped his own reelection bid last month, Harris has dramatically changed the race. Polls have consistently shown her closing the gap on Trump and some now have her ahead in the race for the Nov. 5 election.
The surge has rattled Trump's campaign, and he has responded with insults. He has implied that Harris, whose mother was born in India and whose father was born in Jamaica, has only recently leaned into her Black identity. Some Republicans have smeared her with racist and sexist attacks.
Some Trump allies say the approach has hurt his campaign.
"Personally it makes no difference to me what Kamala wants to identify as," said Bill Bean, a major Republican donor who hosted Trump's vice presidential pick, JD Vance, at an Indiana fundraiser in late July.
Bean said he had talked with Vance and Republican National Committee chair Michael Whatley about the need to attack Harris on her policy record, not her identity
Trump spent the latter part of his North Carolina speech doing just that: attacking her policies while spelling out his own.
He said he would open up federal lands to drilling and ease the permitting process for pipelines among other measures designed to bring down consumer prices should he defeat Harris.

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