The U.S. Senate loses another crypto tax reform advocate, Daines has confirmed he will not seek re-election.

Odaily Planet Daily reports that crypto journalist Eleanor Terrett announced on X that another major advocate for cryptocurrency tax reform in the U.S. Senate will not seek re-election. Senators Lummis and Steve Daines have confirmed they will not run again, and if Marsha Blackburn is elected Tennessee governor, she will also leave the Senate.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Tennessee Bans Crypto ATMs Statewide, Second U.S. State After Indiana

Tennessee has become the second U.S. state to outright ban crypto ATMs, with Governor Bill Lee signing House Bill 2505 into law on April 13. The bill passed both chambers unanimously and will take effect July 1, making it a misdemeanor to operate or host the machines anywhere in the state.

CryptoFrontier2h ago

DeFi Leaders Urge SEC to Formalize Broker Guidance Into Rulemaking

DeFi Industry Pushes for SEC Rulemaking on Broker Classification The DeFi Education Fund, alongside 35 other crypto industry leaders, has urged the Securities and Exchange Commission to formalize its recent decentralized finance interface guidance into formal rulemaking, according to a letter

CryptoFrontier2h ago

U.S. OCC Sets Draft Framework for Stablecoin Issuers Under GENIUS Act Framework

OCC draft sets federal rules for stablecoin issuers and custody services, focusing on safety and regulatory compliance. Proposal excludes AML and sanctions rules, leaving those areas for separate coordination with Treasury agencies. Framework marks initial step in multi-agency

CryptoFrontNews3h ago

DOJ Drops Criminal Investigation into Powell, Clearing Path for Crypto-Friendly Warsh as Next Fed Chair

Gate News message, April 25 — The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh as the incoming Federal Reserve chair. On Friday, April 24, U.S. Attorney for the District of

GateNews3h ago

US Sanctions Iran-Linked Crypto Wallets, Tether Freezes $344M USDT

U.S. Treasury Secretary Scott Bessent announced that the federal government is sanctioning multiple wallets linked to Iran as part of President Donald Trump's ongoing efforts to increase economic pressure on the country amid an ongoing ceasefire. The move comes a day after Tether froze $344

CryptoFrontier4h ago

U.S. Crypto Market Structure Bill Gains Bipartisan Support, Trump Administration Backs Legislation

Gate News message, April 25 — Senator Cynthia Lummis signaled on April 25 that Congress is positioned to advance a comprehensive crypto market structure bill with bipartisan backing and support from the Trump administration. "We have bipartisan support. We have President Trump's support. This is

GateNews6h ago
Comment
0/400
No comments