TagJared Polis

Ohio Congressman Wants to 'Eliminate' SEC Jurisdiciton over Crypto Industry: Report

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Rep. Warren Davidson ICO regulation

Now that Bitcoiner Jared Polis has left Congress for the Colorado Governor’s Mansion, support both moral and material for the crypto industry in Washington, DC may be seen as lacking. While it is largely unelected bureaucrats who rule the financial arena in this country and occasionally make brash decisions in regards to innovative technologies like cryptocurrency, all agencies and employees of...

California: Midterms See Largest US State Elect Pro-Bitcoin Governor

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gavin newsom bitcoin california

Gavin Newsom is considered to be “pro-bitcoin.” Certainly, he’s willing to accept BTC for campaign contributions. He also has a record of being pro-technology in general, believing the government should be “performance-based” and that "government information and services at every level should be thoroughly 'digitized,' enabling citizens to conduct business with public agencies online.”...

Members of Congress Should Disclose Cryptocurrency Holdings: Blockchain Caucus Founder

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The founder of the US Congressional Blockchain Caucus wants his fellow members of Congress to be required to disclose their cryptocurrency holdings. Colorado House Representative Jared Polis (D), who has long been one of Bitcoin’s most vocal advocates on Capitol Hill, sent a petition to the House Ethics Committee earlier this week arguing that cryptocurrency holdings should be subject to the same...

U.S. Lawmakers Ask IRS to Clarify Bitcoin Tax Guidelines

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U.S. Congressmen Jared Polis, a Colorado Democrat, and David Schweikert, an Arizona Republican have written Internal Revenue Service (IRS) Commissioner John Koskinen asking for additional guidance for reporting virtual currency transactions. They acknowledged the agency has offered taxpayers some virtual currency guidance in regard to taxation, but additional guidance is needed to assist...

Congressman Jared Polis to Demo Robocoin ATM on Capitol Hill

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Congressman Jared Polis to Demo Robocoin ATM on Capitol Hill

Colorado Democrat Jared Polis is certainly a huge proponent of bitcoin. About a month ago, Polis wrote a satirical letter to Congress calling for the immediate ban of the U.S. dollar. Senator Joe Manchin had urged the U.S. Treasury to ban bitcoin since it can be used in illegal transactions and offered some degree of anonymity. However, Polis noted that the same could be said about the U.S...

CCN Week in Review: IRS Treats Bitcoin as Property, BTC Price Drops, Mt. Gox, and More

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CCN Week in Review: IRS Treats Bitcoin as Property, BTC Price Drops, Mt. Gox, and More

Another eventful week at CCN. We learned that the United States Internal Revenue Service (IRS) is treating bitcoin as property for tax purposes, that the bitcoin price dropped below $500, that transaction malleability did not bankrupt Mt. Gox, and more. Here are our top stories for the week of 24 March - 30 March in case you missed them. [youtube ] IRS Virtual Currency Guidance The United States...

Finally, a Congressman Who Understands Bitcoin

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Finally, a Congressman Who Understands Bitcoin

A lot of politicians, such as Senator Joe Manchin, don't really seem to understand how Bitcoin works. They often have misinformed beliefs about the virtual currency, such as the belief that Bitcoin is mostly used by criminals, leading them to the conclusion that Bitcoin needs to be banned. However, a few politicians actually understand and appreciate the cryptocurrency. Take U.S. House of...