Utah Republican Senator: Cryptocurrency is used as a medium of exchange, not a commodity
At the Permissionless III cryptocurrency conference held in Salt Lake City, Utah Republican Senator Mike Lee outlined three potential threats to the emerging cryptocurrency industry: (1) the creation of central bank digital currencies, (2) patchwork regulation by individual states, and (3) strict federal regulation. "Cryptocurrencies are not securities. Cryptocurrencies are not commodities. Cryptocurrencies are used as a medium of exchange," Lee explained. "I don't even think we should be taxing capital gains on the transfer of cryptocurrencies."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Asia holds crypto liquidity, but US Treasurys will unlock institutional funds
[Initial Listing] Bitget Will List KernelDAO (KERNEL) in the Innovation, LSD and DeFi Zone.
Uniswap front-end transaction fees have reached $182.88 million
Trump Exempts Tech Devices from New Tariffs
Trump exempts smartphones, computers, and chips from new tariffs, easing pressure on the tech and crypto industries.Major Tech Relief as Trump Exempts Devices from TariffsCrypto Sector Also Stands to BenefitPolicy Shift Aims to Stabilize Markets

Trending news
MoreCrypto prices
More








