FameEX Morning Crypto News Recap | March 8, 2023

U.S. Senate panel probes how crypto mining increases energy consumption
https://www.fameex.com/en-AU/news/crypto-trending-news-2023030801
Crypto mining in both Nebraska and Pennsylvania was discussed in particular by the members of the panel of the Senate Committee on Environment and Public Works.

Powell acknowledges crypto risks, but warns against regulations that could stifle innovation
https://www.fameex.com/en-AU/news/crypto-trending-news-2023030802
After an opening statement in which Chairman Jerome Powell sent stocks lower by implying that the Fed could speed up and augment coming interest rate hikes, he touched on crypto, telling senators he saw several risks when it comes to digital assets.

Crypto tax reform bill reintroduced by a group of bipartisan lawmakers in D.C.
A bipartisan group of lawmakers in the United States, co-led by House Financial Services Committee Chair Patrick McHenry (R-N.C.) and Rep. Ritchie Torres (D-N.Y.), are planning to reintroduce legislation that would reform crypto tax reporting provisions that were first introduced in 2021’s bipartisan Infrastructure Investment and Jobs Act (IIJA).

Thailand Challenges Asian Counterparts for a Piece of the Crypto Pie By Waiving Taxes
Members of Thailand’s cabinet ruled that companies raising funds through “investment tokens” can also raise funds through debentures, Executive Committee member Rachada Dhnadirek told the Bangkok Post.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.