fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Sunday, October 1, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

The US Crypto Bill To Be Released Today! What Impact Will Altcoins Have

June 7, 2022
in Crypto News
Reading Time: 2 mins read
A A
The US Crypto Bill To Be Released Today! What Impact Will Altcoins Have
ShareShareShareShareShare

On Tuesday, there will be an introduction of a new US crypto bill, which might be a breakthrough point in the history of Altcoins. The law is written by Kirsten Gillibrand, a Democrat, and Cynthia Lummis, a Republican.

Lummis’ participation at the root of the bill, as a Bitcoin bull, might substantially boost the Bitcoin ecosystem. However, the future of altcoins is not bright.

A YouTuber named Chico Crypto predicted that the proposal of the much-awaited crypto law will be “quite fascinating.” According to him, the measure expands the terms of crypto tokens and the SEC’s regulatory authority.

Related articles

Top Altcoins To Watch In October: Bitcoin Cash (BCH), Chainlink (LINK) And Maker (MKR) Might Trigger ‘Uptober’

Top Altcoins To Watch In October: Bitcoin Cash (BCH), Chainlink (LINK) And Maker (MKR) Might Trigger ‘Uptober’

October 1, 2023
LOBSTR and Allbridge Strengthen Partnership for Stellar, Ethereum, Polygon, and Celo

LOBSTR and Allbridge Strengthen Partnership for Stellar, Ethereum, Polygon, and Celo

September 30, 2023

This might indicate that a wide spectrum of cryptocurrencies will be subject to the SEC’s review. He also noted that if altcoins will be securities, it would be a negative indication for the market.

Bill To Enhance SEC Regulations On Altcoins 

He explained the SEC’s control over cryptocurrencies by saying, “Tokens that gain from others’ organizational actions or give financial interest in the token’s issuance effort fall into this category. This concept may not include decentralized autonomous organizations (DAOs). Many people who show interest in the firm, on the other hand, may obtain a batch of tokens.”

The majority of cryptocurrencies issue tokens as a form of income. As a result, this might be challenging since it broadens the SEC’s authority. “There might be loopholes in the law that allow the SEC to destroy a lot of cryptocurrencies,” the YouTuber speculated.

Crypto Bill To Favor DAOs ?

Senator Lummis is from Wyoming, which is interesting. It was among the first states to provide a foundation for DAOs to operate as limited liability companies (LLCs). As a result, with a huge number of tax revenue, Wyoming might see a significant increase in this area.

On the positive side, a portion of interest from crypto trading may be excluded from taxation. The new measure may exclude up to $100 in crypto earnings from capital gains tax if it is spent on products or services. However, according to a reports, the maximum exemption may be at $600.

Crypto As Securities ?

On the other hand, one of the reddit threads shared by CryptoCurrency community asserts not to fall for FUD. According to the community, though a few reports say most cryptos will be seen as securities, the reality might be the opposite.

Was this writing helpful?

Credit: Source link

ShareTweetSendPinShare
Previous Post

Binance allegedly aided laundering of $2.35 billion in illicit crypto funds

Next Post

The fear and favoring of digital currencies

Related Posts

Top Altcoins To Watch In October: Bitcoin Cash (BCH), Chainlink (LINK) And Maker (MKR) Might Trigger ‘Uptober’

Top Altcoins To Watch In October: Bitcoin Cash (BCH), Chainlink (LINK) And Maker (MKR) Might Trigger ‘Uptober’

October 1, 2023

While the crypto market began September with a downward trend, it concluded the month on a high note, with Bitcoin...

LOBSTR and Allbridge Strengthen Partnership for Stellar, Ethereum, Polygon, and Celo

LOBSTR and Allbridge Strengthen Partnership for Stellar, Ethereum, Polygon, and Celo

September 30, 2023

Ultra Stellar and Allbridge join forces for mobile-friendly blockchain integration in LOBSTR, simplifying cross-chain actions between Stellar and smartphone EVM...

Solana Leads Altcoin Surge: Bitcoin Traders Eye $28,000 Amid ETF Optimism

Solana Leads Altcoin Surge: Bitcoin Traders Eye $28,000 Amid ETF Optimism

September 30, 2023

Bitcoin remains strong, above $27,000, despite changing financial landscapes and regulatory challenges. VanEck’s proposal for an Ether futures ETF has...

Binance Resumes Services in Belgium After Three Months

Binance Resumes Services in Belgium After Three Months

September 30, 2023

Table of Content Crypto exchange Binance announced this week that it would resume its services in Belgium after being told...

Bitcoin Price Analysis: Another Failure to Test 27432 – 1 October 2023

Bitcoin Price Analysis: Another Failure to Test 27432 – 1 October 2023

September 30, 2023

Bitcoin (BTC/USD) moderated after recent gains early in the Asian session as the pair fell back below the 27000 figure...

Load More
Next Post
The fear and favoring of digital currencies

The fear and favoring of digital currencies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LOBSTR and Allbridge Strengthen Partnership for Stellar, Ethereum, Polygon, and Celo

LOBSTR and Allbridge Strengthen Partnership for Stellar, Ethereum, Polygon, and Celo

September 30, 2023
Bitwise joins growing list of Ethereum ETF managers

Bitwise joins growing list of Ethereum ETF managers

September 30, 2023
MATIC Price Analysis: MATIC Breaks Trendline, Hints 30% Hike!

MATIC Price Analysis: MATIC Breaks Trendline, Hints 30% Hike!

September 30, 2023
Runes: An Attempt At A Serious Protocol, Or Another Children's Toy?

Runes: An Attempt At A Serious Protocol, Or Another Children's Toy?

September 29, 2023
India's Landmark Crypto Regulations Set Stage for Widespread … – BTC Peers

India's Landmark Crypto Regulations Set Stage for Widespread … – BTC Peers

September 24, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2
  • BlockFi creditor group approves restructuring plan; lending users await payouts
  • Top Altcoins To Watch In October: Bitcoin Cash (BCH), Chainlink (LINK) And Maker (MKR) Might Trigger ‘Uptober’
  • Ethereum Supply Is Starting to Grow Again as Gas Prices Plummet – Decrypt
  • This Week in Coins: ETF Hype Pumps Ethereum and Bitcoin as Chainlink and Bitcoin Cash Surge – Decrypt
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$27,135.000.74%
  • ethereumEthereum(ETH)$1,679.340.37%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$215.050.26%
  • rippleXRP(XRP)$0.520.25%
  • usd-coinUSDC(USDC)$1.000.04%
  • staked-etherLido Staked Ether(STETH)$1,677.990.36%
  • cardanoCardano(ADA)$0.2555772.07%
  • solanaSolana(SOL)$21.485.74%
  • dogecoinDogecoin(DOGE)$0.0622990.71%
  • tronTRON(TRX)$0.0888120.35%
  • ToncoinToncoin(TON)$2.11-3.70%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.220.34%
  • polkadotPolkadot(DOT)$4.141.56%
  • matic-networkPolygon(MATIC)$0.541.86%
  • litecoinLitecoin(LTC)$66.330.87%
  • bitcoin-cashBitcoin Cash(BCH)$238.390.65%
  • chainlinkChainlink(LINK)$8.070.44%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,132.000.73%
  • shiba-inuShiba Inu(SHIB)$0.0000071.45%
  • daiDai(DAI)$1.000.04%
  • true-usdTrueUSD(TUSD)$1.000.15%
  • uniswapUniswap(UNI)$4.522.20%
  • leo-tokenLEO Token(LEO)$3.660.08%
  • avalanche-2Avalanche(AVAX)$9.462.99%
  • stellarStellar(XLM)$0.1129000.58%
  • moneroMonero(XMR)$147.791.62%
  • okbOKB(OKB)$43.080.46%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • ethereum-classicEthereum Classic(ETC)$16.282.02%
  • binance-usdBUSD(BUSD)$1.00-0.01%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • cosmosCosmos Hub(ATOM)$7.250.33%
  • hedera-hashgraphHedera(HBAR)$0.0497880.24%
  • filecoinFilecoin(FIL)$3.371.55%
  • lido-daoLido DAO(LDO)$1.690.59%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • internet-computerInternet Computer(ICP)$3.212.49%
  • makerMaker(MKR)$1,566.855.67%
  • crypto-com-chainCronos(CRO)$0.0511260.48%
  • quant-networkQuant(QNT)$90.720.40%
  • AptosAptos(APT)$5.470.26%
  • MantleMantle(MNT)$0.3999870.28%
  • vechainVeChain(VET)$0.0173420.97%
  • ArbitrumArbitrum(ARB)$0.934.46%
  • nearNEAR Protocol(NEAR)$1.140.30%
  • optimismOptimism(OP)$1.362.90%
  • KaspaKaspa(KAS)$0.0498953.39%
  • aaveAave(AAVE)$68.993.14%