Senate passes landmark crypto regulation invoice on a bipartisan vote, sending it to the Home

Senate passes landmark crypto regulation invoice on a bipartisan vote, sending it to the Home

WASHINGTON — After weeks of stops and starts, Senate Republicans teamed up with a bloc of Democrats Tuesday to pass a landmark cryptocurrency bill that would establish the first regulatory framework for issuers of stablecoins. The vote on the GENIUS Act was 68-30. The vote marked the first time that the Senate has passed major … Read more

‘SALT’ deduction in limbo as Senate Republicans unveil tax plan for Trump’s spending bundle

‘SALT’ deduction in limbo as Senate Republicans unveil tax plan for Trump’s spending bundle

As Senate Republicans release key details of President Donald Trump’s spending package, some provisions, including the federal deduction for state and local taxes, known as SALT, remain in limbo. Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there’s currently a $10,000 limit on the SALT deduction through 2025. Before 2018, the … Read more