US authorities will receive more than $11 billion in taxes from cryptocurrencies over ten years
Also, the US government will increase the Department of Justice’s budget as part of its combat against cryptocurrency crimes
29.03.2022 - 11:40
242
2 min
0
What’s new? The United States plans to raise $11 billion in taxes from digital assets by 2033. According to the budget draft of the States, the Department of Justice will receive an additional $52 billion to combat cryptocurrency crimes. The document envisages a stronger role for the Financial Stability Oversight Council for digital assets.
Cryptocurrency situation in the United States. On March 9, the White House released a government-wide strategy for regulating the cryptocurrency industry. The executive order sets national policy on digital assets in several areas: consumer and investor protection, financial stability, illegal use of cryptocurrencies, US leadership in the global financial system.
US senators have already begun work on a bill on the regulation of cryptocurrencies. The politicians will develop a system of digital asset classifications and prescribe the basics of cybersecurity. US Treasury Secretary Janet Yellen recognized the benefits of cryptocurrencies. In her view, digital assets are a big innovation in the field of payments.
Useful material?
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025
Mining
The Avalon Mini 3 is available for pre-order at $899
Jan 8, 2025
Market
The exchange obtained the documents as part of the Freedom of Information Act proceeding
Jan 6, 2025