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\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nHill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nOn Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nFor years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nMy coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nHe went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nAccording to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nBanks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nCryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nMoreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nCoinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nAdditionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nTrump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nSince 2022, India has imposed stringent taxes on cryptocurrency transactions, including a 30% capital gains tax and a 1% tax deducted at source (TDS) on every crypto transaction. These measures were introduced to curb the illicit use of digital assets but have significantly dampened domestic trading activity. Industry reports suggest that over 90% of Indian crypto trading has shifted offshore due to these harsh tax burdens, undermining the growth of India\u2019s crypto ecosystem and reducing government oversight and tax revenue potential.<\/p>\n\n\n\n
The Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIn contrast to a legislative structure that was more hostile to digital assets, the majority of business stakeholders believe that Prime Minister Narendra Modi's administration is now more receptive to them.<\/p>\n\n\n\n
Since 2022, India has imposed stringent taxes on cryptocurrency transactions, including a 30% capital gains tax and a 1% tax deducted at source (TDS) on every crypto transaction. These measures were introduced to curb the illicit use of digital assets but have significantly dampened domestic trading activity. Industry reports suggest that over 90% of Indian crypto trading has shifted offshore due to these harsh tax burdens, undermining the growth of India\u2019s crypto ecosystem and reducing government oversight and tax revenue potential.<\/p>\n\n\n\n
The Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nDue in part to President Donald Trump<\/a>'s crypto-friendly stance and the ongoing trade<\/a> negotiations his administration has been holding with New Delhi, India's cryptocurrency industry is stepping up lobbying efforts to lower the onerous levies that have hindered domestic commerce for years.<\/p>\n\n\n\n
In contrast to a legislative structure that was more hostile to digital assets, the majority of business stakeholders believe that Prime Minister Narendra Modi's administration is now more receptive to them.<\/p>\n\n\n\n
Since 2022, India has imposed stringent taxes on cryptocurrency transactions, including a 30% capital gains tax and a 1% tax deducted at source (TDS) on every crypto transaction. These measures were introduced to curb the illicit use of digital assets but have significantly dampened domestic trading activity. Industry reports suggest that over 90% of Indian crypto trading has shifted offshore due to these harsh tax burdens, undermining the growth of India\u2019s crypto ecosystem and reducing government oversight and tax revenue potential.<\/p>\n\n\n\n
The Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nHe also provided testimony on Trump's 2013 travel to Moscow to the House Intelligence Committee that same year. According to CNN, he informed the committee that a Russian had offered to send ladies to Trump's hotel room, but Schiller said the idea was quickly turned down as a joke.<\/p>\n","post_title":"US Lobbyists with Trump ties engaged by India and Pakistan during period of strain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-lobbyists-with-trump-ties-engaged-by-india-and-pakistan-during-period-of-strain","to_ping":"","pinged":"","post_modified":"2025-05-28 19:30:50","post_modified_gmt":"2025-05-28 19:30:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7914,"post_author":"7","post_date":"2025-05-27 20:47:39","post_date_gmt":"2025-05-27 20:47:39","post_content":"\n
Due in part to President Donald Trump<\/a>'s crypto-friendly stance and the ongoing trade<\/a> negotiations his administration has been holding with New Delhi, India's cryptocurrency industry is stepping up lobbying efforts to lower the onerous levies that have hindered domestic commerce for years.<\/p>\n\n\n\n
In contrast to a legislative structure that was more hostile to digital assets, the majority of business stakeholders believe that Prime Minister Narendra Modi's administration is now more receptive to them.<\/p>\n\n\n\n
Since 2022, India has imposed stringent taxes on cryptocurrency transactions, including a 30% capital gains tax and a 1% tax deducted at source (TDS) on every crypto transaction. These measures were introduced to curb the illicit use of digital assets but have significantly dampened domestic trading activity. Industry reports suggest that over 90% of Indian crypto trading has shifted offshore due to these harsh tax burdens, undermining the growth of India\u2019s crypto ecosystem and reducing government oversight and tax revenue potential.<\/p>\n\n\n\n
The Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nSchiller and Sorial registered to assist Pakistan in creating \u201clong-term economic partnerships\u201d in the United States by enhancing Pakistan\u2019s connections with the U.S. government and commercial sector, according to the Politico story. The letter about Schiller's firing was personally given to James Comey, the FBI director at the time, in 2017.<\/p>\n\n\n\n
He also provided testimony on Trump's 2013 travel to Moscow to the House Intelligence Committee that same year. According to CNN, he informed the committee that a Russian had offered to send ladies to Trump's hotel room, but Schiller said the idea was quickly turned down as a joke.<\/p>\n","post_title":"US Lobbyists with Trump ties engaged by India and Pakistan during period of strain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-lobbyists-with-trump-ties-engaged-by-india-and-pakistan-during-period-of-strain","to_ping":"","pinged":"","post_modified":"2025-05-28 19:30:50","post_modified_gmt":"2025-05-28 19:30:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7914,"post_author":"7","post_date":"2025-05-27 20:47:39","post_date_gmt":"2025-05-27 20:47:39","post_content":"\n
Due in part to President Donald Trump<\/a>'s crypto-friendly stance and the ongoing trade<\/a> negotiations his administration has been holding with New Delhi, India's cryptocurrency industry is stepping up lobbying efforts to lower the onerous levies that have hindered domestic commerce for years.<\/p>\n\n\n\n
In contrast to a legislative structure that was more hostile to digital assets, the majority of business stakeholders believe that Prime Minister Narendra Modi's administration is now more receptive to them.<\/p>\n\n\n\n
Since 2022, India has imposed stringent taxes on cryptocurrency transactions, including a 30% capital gains tax and a 1% tax deducted at source (TDS) on every crypto transaction. These measures were introduced to curb the illicit use of digital assets but have significantly dampened domestic trading activity. Industry reports suggest that over 90% of Indian crypto trading has shifted offshore due to these harsh tax burdens, undermining the growth of India\u2019s crypto ecosystem and reducing government oversight and tax revenue potential.<\/p>\n\n\n\n
The Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIn December 2024, he and George Sorial, the former compliance officer for the Trump Organization, co-founded the consultancy business Javelin Advisors.<\/p>\n\n\n\n
Schiller and Sorial registered to assist Pakistan in creating \u201clong-term economic partnerships\u201d in the United States by enhancing Pakistan\u2019s connections with the U.S. government and commercial sector, according to the Politico story. The letter about Schiller's firing was personally given to James Comey, the FBI director at the time, in 2017.<\/p>\n\n\n\n
He also provided testimony on Trump's 2013 travel to Moscow to the House Intelligence Committee that same year. According to CNN, he informed the committee that a Russian had offered to send ladies to Trump's hotel room, but Schiller said the idea was quickly turned down as a joke.<\/p>\n","post_title":"US Lobbyists with Trump ties engaged by India and Pakistan during period of strain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-lobbyists-with-trump-ties-engaged-by-india-and-pakistan-during-period-of-strain","to_ping":"","pinged":"","post_modified":"2025-05-28 19:30:50","post_modified_gmt":"2025-05-28 19:30:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7914,"post_author":"7","post_date":"2025-05-27 20:47:39","post_date_gmt":"2025-05-27 20:47:39","post_content":"\n
Due in part to President Donald Trump<\/a>'s crypto-friendly stance and the ongoing trade<\/a> negotiations his administration has been holding with New Delhi, India's cryptocurrency industry is stepping up lobbying efforts to lower the onerous levies that have hindered domestic commerce for years.<\/p>\n\n\n\n
In contrast to a legislative structure that was more hostile to digital assets, the majority of business stakeholders believe that Prime Minister Narendra Modi's administration is now more receptive to them.<\/p>\n\n\n\n
Since 2022, India has imposed stringent taxes on cryptocurrency transactions, including a 30% capital gains tax and a 1% tax deducted at source (TDS) on every crypto transaction. These measures were introduced to curb the illicit use of digital assets but have significantly dampened domestic trading activity. Industry reports suggest that over 90% of Indian crypto trading has shifted offshore due to these harsh tax burdens, undermining the growth of India\u2019s crypto ecosystem and reducing government oversight and tax revenue potential.<\/p>\n\n\n\n
The Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nKeith Schiller, who served as Trump's bodyguard, will act as a lobbyist for Islamabad in the America. He began his association with the US president in the early 2000s, taking on the role of chief of security at Trump Tower in Manhattan. Previously, he was a detective with the NYPD. Subsequently, during Trump's first term, Schiller was named Director of Oval Office Operations.<\/p>\n\n\n\n
In December 2024, he and George Sorial, the former compliance officer for the Trump Organization, co-founded the consultancy business Javelin Advisors.<\/p>\n\n\n\n
Schiller and Sorial registered to assist Pakistan in creating \u201clong-term economic partnerships\u201d in the United States by enhancing Pakistan\u2019s connections with the U.S. government and commercial sector, according to the Politico story. The letter about Schiller's firing was personally given to James Comey, the FBI director at the time, in 2017.<\/p>\n\n\n\n
He also provided testimony on Trump's 2013 travel to Moscow to the House Intelligence Committee that same year. According to CNN, he informed the committee that a Russian had offered to send ladies to Trump's hotel room, but Schiller said the idea was quickly turned down as a joke.<\/p>\n","post_title":"US Lobbyists with Trump ties engaged by India and Pakistan during period of strain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-lobbyists-with-trump-ties-engaged-by-india-and-pakistan-during-period-of-strain","to_ping":"","pinged":"","post_modified":"2025-05-28 19:30:50","post_modified_gmt":"2025-05-28 19:30:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7914,"post_author":"7","post_date":"2025-05-27 20:47:39","post_date_gmt":"2025-05-27 20:47:39","post_content":"\n
Due in part to President Donald Trump<\/a>'s crypto-friendly stance and the ongoing trade<\/a> negotiations his administration has been holding with New Delhi, India's cryptocurrency industry is stepping up lobbying efforts to lower the onerous levies that have hindered domestic commerce for years.<\/p>\n\n\n\n
In contrast to a legislative structure that was more hostile to digital assets, the majority of business stakeholders believe that Prime Minister Narendra Modi's administration is now more receptive to them.<\/p>\n\n\n\n
Since 2022, India has imposed stringent taxes on cryptocurrency transactions, including a 30% capital gains tax and a 1% tax deducted at source (TDS) on every crypto transaction. These measures were introduced to curb the illicit use of digital assets but have significantly dampened domestic trading activity. Industry reports suggest that over 90% of Indian crypto trading has shifted offshore due to these harsh tax burdens, undermining the growth of India\u2019s crypto ecosystem and reducing government oversight and tax revenue potential.<\/p>\n\n\n\n
The Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIslamabad employs Keith Schiller<\/h2>\n\n\n\n
Keith Schiller, who served as Trump's bodyguard, will act as a lobbyist for Islamabad in the America. He began his association with the US president in the early 2000s, taking on the role of chief of security at Trump Tower in Manhattan. Previously, he was a detective with the NYPD. Subsequently, during Trump's first term, Schiller was named Director of Oval Office Operations.<\/p>\n\n\n\n
In December 2024, he and George Sorial, the former compliance officer for the Trump Organization, co-founded the consultancy business Javelin Advisors.<\/p>\n\n\n\n
Schiller and Sorial registered to assist Pakistan in creating \u201clong-term economic partnerships\u201d in the United States by enhancing Pakistan\u2019s connections with the U.S. government and commercial sector, according to the Politico story. The letter about Schiller's firing was personally given to James Comey, the FBI director at the time, in 2017.<\/p>\n\n\n\n
He also provided testimony on Trump's 2013 travel to Moscow to the House Intelligence Committee that same year. According to CNN, he informed the committee that a Russian had offered to send ladies to Trump's hotel room, but Schiller said the idea was quickly turned down as a joke.<\/p>\n","post_title":"US Lobbyists with Trump ties engaged by India and Pakistan during period of strain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-lobbyists-with-trump-ties-engaged-by-india-and-pakistan-during-period-of-strain","to_ping":"","pinged":"","post_modified":"2025-05-28 19:30:50","post_modified_gmt":"2025-05-28 19:30:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7914,"post_author":"7","post_date":"2025-05-27 20:47:39","post_date_gmt":"2025-05-27 20:47:39","post_content":"\n
Due in part to President Donald Trump<\/a>'s crypto-friendly stance and the ongoing trade<\/a> negotiations his administration has been holding with New Delhi, India's cryptocurrency industry is stepping up lobbying efforts to lower the onerous levies that have hindered domestic commerce for years.<\/p>\n\n\n\n
In contrast to a legislative structure that was more hostile to digital assets, the majority of business stakeholders believe that Prime Minister Narendra Modi's administration is now more receptive to them.<\/p>\n\n\n\n
Since 2022, India has imposed stringent taxes on cryptocurrency transactions, including a 30% capital gains tax and a 1% tax deducted at source (TDS) on every crypto transaction. These measures were introduced to curb the illicit use of digital assets but have significantly dampened domestic trading activity. Industry reports suggest that over 90% of Indian crypto trading has shifted offshore due to these harsh tax burdens, undermining the growth of India\u2019s crypto ecosystem and reducing government oversight and tax revenue potential.<\/p>\n\n\n\n
The Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n
On Tuesday, Marshall submitted his proposal as an amendmen<\/a>t to the stablecoin bill in the Senate. However, it's unclear if he would advocate for a floor vote. Durbin said that since the swipe charge concept had never before seen floor action, he was unsure if it would receive 60 votes.<\/p>\n\n\n\n
\"We still haven't made a decision. Marshall said to Semafor on Wednesday, \"We're still measuring twice before we cut once.\" He claimed he hadn't determined how to handle the amendment and didn't want to talk about it any more.<\/p>\n\n\n\n
The cryptocurrency sector is currently subtly urging its supporters on Capitol Hill<\/a> to prevent the amendment from being put to a vote. Some in the business argue that more Democrats may support the swipe charge measure if it were approved by a simple majority vote.<\/p>\n\n\n\n
The inclusion of the credit card amendment \"puts me on the spot, doesn't it?\" asked Durbin, who is against the larger stablecoin plan. However, with 69 senators voting to advance it on Wednesday and 60 senators needing to vote to pass it, the crypto measure doesn't have much space to lose support. Because of this, the majority of the sector is cautious of frightening off Republican politicians like Tillis. Supporters are optimistic that French Hill, R-Ark., the Financial Services Chair, would pass the bill unaltered in the House.<\/p>\n\n\n\n
Hill has been a strong opponent of Marshall and Durbin's bill and doesn't appear to be going anywhere: <\/p>\n\n\n\n
\n\"This is not one where I would be inclined to change my long-stated view,\" <\/p>\n<\/blockquote>\n\n\n\n
he said in a February interview with Punchbowl News. One of the proponents of the stablecoin bill, Sen. Bill Hagerty, R-Tenn., told Semafor on Wednesday, <\/p>\n\n\n\n
\n\"We're trying to keep this as clean and expedient as possible.\"<\/p>\n<\/blockquote>\n","post_title":"Intense lobbying erupts over potential pairing of credit card and cryptocurrency legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"intense-lobbying-erupts-over-potential-pairing-of-credit-card-and-cryptocurrency-legislation","to_ping":"","pinged":"","post_modified":"2025-05-25 13:46:10","post_modified_gmt":"2025-05-25 13:46:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7834","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nMiller's companionship with Trump may support Delhi's diplomatic measures. \u201cThis is not a novel approach, Since the 1950s, this has persisted for several decades and under various administrations. The Embassy has frequently hired these companies in accordance with the circumstances.: During a recent press briefing, Randhir Jaiswal, the Ministry of External Affairs' (MEA) official spokeswoman, stated.<\/p>\n\n\n\n
Islamabad employs Keith Schiller<\/h2>\n\n\n\n
Keith Schiller, who served as Trump's bodyguard, will act as a lobbyist for Islamabad in the America. He began his association with the US president in the early 2000s, taking on the role of chief of security at Trump Tower in Manhattan. Previously, he was a detective with the NYPD. Subsequently, during Trump's first term, Schiller was named Director of Oval Office Operations.<\/p>\n\n\n\n
In December 2024, he and George Sorial, the former compliance officer for the Trump Organization, co-founded the consultancy business Javelin Advisors.<\/p>\n\n\n\n
Schiller and Sorial registered to assist Pakistan in creating \u201clong-term economic partnerships\u201d in the United States by enhancing Pakistan\u2019s connections with the U.S. government and commercial sector, according to the Politico story. The letter about Schiller's firing was personally given to James Comey, the FBI director at the time, in 2017.<\/p>\n\n\n\n
He also provided testimony on Trump's 2013 travel to Moscow to the House Intelligence Committee that same year. According to CNN, he informed the committee that a Russian had offered to send ladies to Trump's hotel room, but Schiller said the idea was quickly turned down as a joke.<\/p>\n","post_title":"US Lobbyists with Trump ties engaged by India and Pakistan during period of strain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-lobbyists-with-trump-ties-engaged-by-india-and-pakistan-during-period-of-strain","to_ping":"","pinged":"","post_modified":"2025-05-28 19:30:50","post_modified_gmt":"2025-05-28 19:30:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7863","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7914,"post_author":"7","post_date":"2025-05-27 20:47:39","post_date_gmt":"2025-05-27 20:47:39","post_content":"\n
Due in part to President Donald Trump<\/a>'s crypto-friendly stance and the ongoing trade<\/a> negotiations his administration has been holding with New Delhi, India's cryptocurrency industry is stepping up lobbying efforts to lower the onerous levies that have hindered domestic commerce for years.<\/p>\n\n\n\n
In contrast to a legislative structure that was more hostile to digital assets, the majority of business stakeholders believe that Prime Minister Narendra Modi's administration is now more receptive to them.<\/p>\n\n\n\n
Since 2022, India has imposed stringent taxes on cryptocurrency transactions, including a 30% capital gains tax and a 1% tax deducted at source (TDS) on every crypto transaction. These measures were introduced to curb the illicit use of digital assets but have significantly dampened domestic trading activity. Industry reports suggest that over 90% of Indian crypto trading has shifted offshore due to these harsh tax burdens, undermining the growth of India\u2019s crypto ecosystem and reducing government oversight and tax revenue potential.<\/p>\n\n\n\n
The Reserve Bank of India forbade banks from offering service accounts in 2018. But after a two-year court struggle, the Indian Supreme Court declared the RBI restriction to be unconstitutional, allowing banks to once more provide services to cryptocurrency firms.<\/p>\n\n\n\n
The primary demand from India\u2019s crypto industry is a significant reduction in the capital gains tax and the TDS on crypto transactions. Industry representatives argue that the current 30% tax rate is excessively high compared to other investment classes, such as equities, and stifles retail and institutional participation. <\/p>\n\n\n\n
Trump's return to the White House and his outspoken support for crypto innovation appear to be in line with the recent change. Industry insiders claim that this abrupt shift in strategy is not an accident.<\/p>\n\n\n\n
Additionally, communication with Indian policymakers has greatly strengthened. They now meet with the industry \"monthly, if not weekly.\" Reexamining the harsh tax system\u2014a 30%<\/a> capital gains tax and a 1% transaction tax\u2014which has caused more than 90% of India's cryptocurrency trade to go abroad remains the primary objective.<\/p>\n\n\n\n
Coinbase and Binance have returned to the market. Both businesses had previously withdrawn from the market due to unclear regulations. Since many MPs are gradually coming around to the notion, Coinbase sees India as a critical development location and has just received major regulatory permission.<\/p>\n\n\n\n
Moreover, the warming attitude toward crypto in India is partly attributed to ongoing trade negotiations and closer economic ties with the United States. New Delhi policymakers are encouraged to link more near with US regulatory trends to attract foreign investment and foster innovation in the digital asset space. This alignment is encouraging India\u2019s crypto sector to intensify lobbying efforts in the U.S. to gain support for tax reforms and regulatory clarity that could benefit both countries\u2019 crypto markets.<\/p>\n","post_title":"Crypto lobby gains momentum in India as U.S. trade talks influence policy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-lobby-gains-momentum-in-india-as-u-s-trade-talks-influence-policy","to_ping":"","pinged":"","post_modified":"2025-05-31 20:51:38","post_modified_gmt":"2025-05-31 20:51:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7914","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7834,"post_author":"7","post_date":"2025-05-24 13:40:18","post_date_gmt":"2025-05-24 13:40:18","post_content":"\n
Cryptocurrency companies had to make two attempts to persuade the Senate to approve a scheme they had long been pursuing to regulate stablecoins, which are digital assets that are based on currencies like the dollar. It has come to light that now, the entire plan might be derailed by a contentious policy dispute over credit cards. Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) have long been at odds over legislation that would increase competition and target credit card swipe fees.<\/p>\n\n\n\n
Banks, credit unions, Visa, and Mastercard claim the law would compel businesses to reduce customer benefits, while retailers claim it would lower prices for consumers. Additionally, the proposal's detractors are putting up a fierce battle against a recent attempt to include it in the Senate's stablecoin bill.<\/p>\n\n\n\n
According to Sen. Thom Tillis, R-N.C., <\/p>\n\n\n\n
\n\"It's a terrible policy.\" <\/p>\n<\/blockquote>\n\n\n\n
He went on to say, <\/p>\n\n\n\n
\n\"I'd go from being a co-sponsor to trying to figure out how to tank the [stablecoin] bill if the swipe fee measure got attached.\" <\/p>\n<\/blockquote>\n\n\n\n
My coworkers won't be surprised by it.<\/p>\n\n\n\n
For years, the conflicting interests and their large financial stakes have kept the Republican Party so split that the swipe charge measure was never put to a roll-call vote. Vice President JD Vance signed the law when serving as a senator, but he later privately informed lobbyists that he would not attempt to promote it. This is just one example of the complicated dynamics at work.<\/p>\n\n\n\n