The “Keep Innovation in America Act” was introduced Thursday. The bill seeks to address several issues including the definition of crypto assets and brokers, as well as section 6050I in the tax code.
Prime Blockchain, a mining firm, is said to be in talks to merge with special purpose acquisition company 10X Capital Venture Acquisition, as reported by Bloomberg.
Bitcoin declined toward a three-week low on Thursday. BTC is down about 10% over the past week, compared with a 9% drop in ether over the same period.
Equity markets climbed to yet another record Thursday, driven by technology stocks. The S&P 500 achieved the 66th all-time high of 2021, the second biggest year for new highs behind 1995.
The Turkish lira fell to a record low after the central bank cut borrowing costs for a third straight month.
U.S. jobless claims are gradually drifting down toward pre-pandemic levels as employers avoid layoffs and many workers quit or remain sidelined in a tight labor market.
JP Morgan economists are now looking for a rate hike to occur in September, 2022.
The House moved toward a vote on President Biden’s social safety net and climate plan Thursday night after a key analysis said it would likely add to budget deficits over a decade.