The USA May Lead Bitcoin’s Next Bull Run 📈 | Congress Has Just Proposed “Cryptocurrency Act of 2020”

 

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The U.S. cryptocurrency scene might be on the way to seeing clear cut crypto regulations as Congress prepares to consider a new bill detailing modalities for digital asset oversight.

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US CONGRESS TO CONSIDER CRYPTOCURRENCY ACT IN 2020

US Congress to Consider Cryptocurrency Act in 2020

Actual Bill [Forbes]
https://www.forbes.com/sites/jasonbrett/2019/12/19/congress-considers-federal-crypto-regulators-in-new-cryptocurrency-act-of-2020/#2a4759335fcd

Cash ban hearings: AUSTRAC can’t show ban is necessary

Cash ban hearings: AUSTRAC can’t show ban is necessary

LIBRA PREPARES NEW 2.0 ROADMAP FOR 2020 LAUNCH

Libra Prepares New 2.0 Roadmap for 2020 Launch

Disney halts Justin Sun's attempt to trademark “TRON”
https://decrypt.co/15378/disney-halts-justin-suns-attempt-to-trademark-tron?utm_source=reddit&utm_medium=social&utm_campaign=sm

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The USA May Lead Bitcoin's Next Bull Run 📈 | Congress Has Just Proposed “Cryptocurrency Act of 2020”

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41 comments

  1. The various government agencies have protected the wealthy and well connected… The good ol boy network… We need total privacy including our money which is consistent with our US constitution… The banksters write and control the rules for money and that control needs to be busted up

  2. 7:40 watch this if you want to learn what a liar looks like. clearly has something to hide and is very uncomfortable.

  3. The more regulation that comes, the more .gov manipulation there will be. Not good for freedom of the people, but good for control by our current masters. So, the more regulation that comes, the more important privacy layers, privacy tokens, and distributed exchanges become. Think all crypto holders need to allocate at least a portion of their portfolio into privacy, this I think is where the action will be as regulation comes. Faith and confidence in .gov is waning, just look around. This is the real driver of crypto, stay focused on the ball.
    Thanks again for keeping us informed!

  4. Thanks for the video and all your content.

    I *think* this bill is a result of the G20 meeting a few months ago.

    Ie. They TRYING to make some basic universal (global) laws…

  5. AUSTRAC has been tracking BTC transactions from fiat into BTC and back again on all Australian exchanges for years. This is also to identify tax evasion. Eg: if you buy and sell BTC and make a big profit and don’t declare it in your tax and you get audited they may bring this matter up. In an ever increasing digital world the ATO is becoming more interconnected with other departments making it easier to track tax evasion. Link this with kyc which is also required by all Australian exchanges and identification of your bank account and you now have a link to your identity that is easily followed by the ATO so I bought in tax in the situations futile you may get away with it for a little while but eventually you could get a knock at the door tax auditor asking you to explain wave you not paid your tax your cryptocurrency profits

  6. @Altcoin Daily thank you…
    Merry Christmas! Hope you get some *scotchy Scotch* under the 🌲 tree!

    And yes they are debating the cash ban here in Oz. They received record complaints on it. So it will ‘most likely fail’ ..

    Here we are similar to Sweden, over 90% is cashless today 😭

    They also have a a ‘crypto law’s being passed, but this is for Watts app and Viber etc…

  7. I don’t think so. I think it’s XRP or bank coins. China has too much of the mining market, even though the havening will reduce it’s value.

  8. @emlortnoc tonod likely would drive prices too the moon. I don’t believe some of these margin trading exchanges have the bitcoin on top of other futures trading.

    Prices would moon fast if everyone held their own keys.

  9. @emlortnoc tonod paper trail from them to you. Easily traceable from that point. Sell things or work for bitcoin and have it sent to a hardware wallet. Just a thought.

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