"The U.S. Senate yesterday held what lawmakers said was its first-ever hearing on the environmental impact of crypto mining."

[https://m.economictimes.com/markets/cryptocurrency/new-york-ag-raises-red-flag-on-cryptos-industry-highlights-the-need-for-regulations/articleshow/92000710.cms](https://m.economictimes.com/markets/cryptocurrency/new-york-ag-raises-red-flag-on-cryptos-industry-highlights-the-need-for-regulations/articleshow/92000710.cms) >"The local AG was referring to the collapse of Terra's native token LUNA, _...Read More_

>""Well, I own cows too, and cows are commodities. Bitcoin is a commodity," Senator Cynthia Lummis said in an interview."

>"The Senate Banking Committee is in a standoff due to a Fed governor nominee's alleged role in getting a fintech firm a master account with the Fed."

>"Just days after the House of Representatives examines stablecoin regulation, the Senate will take its own look at the issue."

"Tax and compliance experts say the D.C. fracas over how a new broker definition will impact crypto firms has been distracting from what’s arguably a wider reaching change for any company that accepts Bitcoin and other crypto as payment."

>"Crypto industry players are playing a growing role in political funding."

"Senator Elizabeth Warren and Congresswoman Deborah Ross introduced a bill to trace and prevent ransom payments in crypto and fiat." _...Read More_

>"How crypto is wrapped up in current delays on infrastructure, the budget, and the looming debt ceiling."

Two U.S. senators want the Treasury Department to take a closer look at crypto mining across the world — and they want the office to share its findings with _...Read More_

All i read was, "because hackers we have to babysit and make sure crypto is being used for good.. blah blah blah..." The government is going to continue throwing anything at the wall to see if it sticks when it comes to crypto _...Read More_

"The Senate infrastructure bill doesn't just change tax reporting requirements for "brokers" who deal with crypto."

"The uncertain language — intentional or not — of the infrastructure bill poses an existential threat to the U.S. Bitcoin mining _...Read More_

>"The crypto industry wants to change a tax provision when the House takes up an infrastructure bill, but other issues may take precedence."

>"Despite what the doomsayers say, the U.S. Senate’s infrastructure bill will not result in crypto miners being treated as brokers nor have innovation packing up."