State senator: IL bill regulating cryptocurrency will put 'brick on growth'

State senator: IL bill regulating cryptocurrency will put ‘brick on growth’ – Center Square

The Illinois House is set to debate legislation that the state Senate already approved. Senate Bill 1797 provides that the Illinois Department of Financial and Professional Regulation regulate digital asset business activity.

State senator: IL bill regulating cryptocurrency will put 'brick on growth'

(The Center Square) – Illinois lawmakers are considering additional regulations on the cryptocurrency industry.

The CESCO Digital app could be used to file traffic accident complaints from anywhere in Puerto Rico if House Bill 536, authored by the representative of District 13 (Manatí, Florida, Barceloneta, and Arecibo), is approved...

Democrats Take Aim at Puerto Rico Tax Perks for Crypto Investors

Democratic lawmakers on Monday introduced a bill to block investors from using Puerto Rico as a cryptocurrency tax haven — a proposal unlikely to advance without Republican support and as Congress prioritizes extending the 2017 tax cuts.

Despite a slight reduction in the poverty rate, Puerto Rico remains trapped in a cycle of economic inequality exacerbated by regressive tax policies and a rising cost of living. Analysts consulted by EL VOCERO warn that…

Congress Overturns IRS Reporting Rules for DeFi Platforms

President Trump has signed into law a bill that repeals Internal Revenue Service (IRS) regulations that required decentralized finance (DeFi) platforms to be treated as brokers for purposes of reporting customer transactions. The former regulations, finalized in December 2024 under the Biden administration, expanded the definition of “digital asset brokers,” to include certain participants that operate within the DeFi industry. Digital asset bro…