Senators Cynthia Lummis (R, WY) and Kirsten Gillibrand (D, NY) are proposing a tax exemption for up to a certain level of capital gains on cryptocurrencies, as part of new forthcoming legislation to regulate cryptocurrencies. “We came up with a number of $600 just start out with, but among the things that we’re doing is sharing our bill draft with a number of our constituents so we can get feedback,” Lummis said in an interview with Yahoo Finance. “Is $600 the right number? Should it be… Source link
Read More »Russia faces increased risk of default as key US sanction exemption expires in May
Sanctions on Russia have effectively isolated Vladimir Putin’s country from the global economy, with the country at increased risk of not being able to pay its bills. The major credit rating agencies have begun the process of declaring the country in default, which generally refers to a government unable to meet obligations on its debt. The agencies add that further sanctions at the end of May will further ratchet up pressure on Russia. On Friday, S&P Global Ratings downgraded Russia’s… Source link
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