Leaked Anti-Crypto Army 🏴☠️
Memo Reveals Ridiculous Talking Points
A leaked memo circulated to Democratic House financial services committee members has revealed the "key messages" lawmakers were told to stick to that could see almost all cryptocurrencies categorized as securities. The document, passed to committee members by the Democratic party ahead of Wednesday’s joint House hearing on crypto policy, was leaked by Fox Business reporter Eleanor Terrett on Twitter.
House Hearings Reveal Deepening Party Divide
House representatives gathered last week to discuss regulatory gaps in crypto and discuss which regulatory agency should be taking the lead. The hearing revealed what areas industry members should keep an eye on for policy, and uncovered some of the main points of contention between political parties.
Biden’s Confusing Tax Tweet
Crypto industry participants were confused, to put it mildly, with no small number decrying the president’s assertion — and denying the very existence of a so-called crypto tax loophole.
Adam Cochran, a managing partner at the digital assets-focused Cinneamhain Ventures, tweeted, “Crypto actually suffers compared to other assets on how gains are taxed on transfer between asset types. I’d challenge absolutely anyone to cite this supposed loophole.”
PBN3’s Substack is a reader-supported publication. To receive new posts and deep-dive research, consider becoming a free or paid subscriber.