IRS Crypto Rules Spark Pushback From Texas Senator Ted Cruz

IRS

The crypto industry, particularly brokers, is getting a big lift from Texas Senator Ted Cruz this week. According to an Axios report, Cruz will use the Congressional Review Act (CRA) in the next few days to challenge an existing IRS tax rule on crypto income reporting. This IRS reporting rule has generated plenty of pushback … Read more

Republican Senator Mitch McConnell suffers minor injury in fall at U.S. Capitol By Reuters

Republican Senator Mitch McConnell suffers minor injury in fall at U.S. Capitol By Reuters

WASHINGTON (Reuters) – U.S. Sen. Republican Leader Mitch McConnell fell at the U.S. Capitol on Thursday, suffering minor injuries but has been cleared to resume work, his office said in a statement. McConnell, 82, is set to step down as House party leader next month but plans to finish out his remaining two years in … Read more