Stand With Crypto

Bitcoin Talk and Cryptocurrencies
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If you care about crypto, it’s time to prove it

The IRS is introducing new regulations that would track every digital transaction, including your morning coffee. This isn’t just limited to crypto; it encompasses NFTs, stablecoins, and your digital privacy.

Here’s the crucial point: The IRS anticipates a substantial surge of at least 8 BILLION crypto returns. To put this into perspective, in 2022, the IRS processed 5.45 billion total returns.

Act Fast — the comment period to voice your opposition to the IRS is closing this Monday, the 13th. Take action now to safeguard your digital rights.

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I am unsure whether anyone who is not a US citizen cares two hoots about “what the IRS is going to do”. Where do they get off ruling the entire planet?

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How are they going to accomplish reviewing this insane volume of returns? The recording keeping for crypto is not user-friendly, and unless every crypto holder plans to sign up for a crypto tax service, the 8 billion returns will create a major headache for the IRS.

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Last week was an incredible demonstration of the power of crypto voters. In ‘Super Tuesday’ elections across the country, crypto owners and voters made their voices heard across the country, making a loud enough noise that even the traditional media noticed. And Stand With Crypto was there pushing hard for crypto; we hosted a get-out-the-vote rally in Los Angeles with legendary rapper (and crypto enthusiast) Nas.

We don’t agree with all the framing in these pieces, but it’s a testament to the power of your voices that politicians are starting to notice that crypto matters.

Here are some of the stories:

FAST COMPANY: Crypto was a big winner in the Super Tuesday elections

On Super Tuesday, where voters in 16 states and 2 territories went to the polls, crypto’s boosters collected their first big wins of the cycle, especially in the contested Democratic field for the open U.S. Senate seat in California.

POLITICO: One Super Tuesday winner: The crypto industry

The PACs also spent more than $1.7 million backing Shomari Figures, a House candidate in Alabama who finished on top of a crowded field of candidates running to represent a redrawn district in the Montgomery area. Figures will advance to a runoff next month against Democratic state Rep. Anthony Daniels.

New York Times: Crypto Super PAC to Target Races in Ohio and Montana That Could Swing the Senate

Stand With Crypto organized an election eve rally in Los Angeles with the rapper Nas and the Coinbase chief executive Brian Armstrong.

Even though Super Tuesday has passed, there’s still a lot of elections coming up – and things you can always do to raise your voice:

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THE BIG NEWS

This is a huge moment for crypto in America – Congress is considering major legislation that would protect consumers and help crypto thrive in America by providing clear rules and guidelines for the growing blockchain industry. We need you to take action NOW –

EMAIL YOUR MEMBER OF CONGRESS

The bill is called the Financial Innovation and Technology For the 21st Century Act (FIT21), and it contains numerous provisions that would help crypto grow in our country while providing protections for investors and consumers. You can read our one-pager with information about FIT21 here.

Here’s where you come in: members of Congress need to hear from the crypto community about how important this legislation is. Luckily, we make it easy:

Click HERE to be taken to an easy form where you can enter your address and send an email to your member of Congress.

Click HERE to be taken to a simple page that helps you call your member of Congress and leave them a message about where you stand.

Every single action counts. When we raise our voice, we win. The time to act is now.

Email now. Call now.

ACTION HUB

With Congress still considering the major pro-crypto Financial Innovation And Technology For The 21st Century Act (FIT21), it’s never been more important to make your voice heard. Click the links below to email or call your member of Congress with our easy tools!

Email Your Member

Call Your Member

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U.S and their regulations man, always against financial freedom. I find no problems with this and doing just fine in the EU.

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These control freak government officials, they will take everything from us if they could.

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The land of the free, must be a joke

Do Americans really have financial freedom?

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If you care about crypto, it’s time to prove it

52 million Americans own crypto. And yet, crypto’s future in America remains uncertain. Congress is writing the rules as we speak - but they won’t vote YES until they’ve heard from you.

Join the fight

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They pay taxes for oxygen I think.

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lol, I’m one of them, but yeah, I understand what you’re saying

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No we don’t, we pay taxes for the smallest of items, the basic needs of a human being.

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THE BIG NEWS

A new poll funded by the crypto firm Grayscale shows a significant increase in the importance of digital assets to American voters.

Of the likely voters surveyed, 77% said presidential candidates should be informed about innovative technologies like AI and crypto, and 56% said they are more likely to vote for a candidate who acknowledges crypto as a top political issue.

This isn’t the first poll Grayscale has fielded, and over the past year, the number of voters aware of crypto has increased from 47% to 53%. About half of those respondents said they are waiting for crypto regulations to pass before putting money into digital currencies.

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WE MADE HISTORY

That’s something to be proud of.

Thanks to your tireless efforts and unwavering support, the 119th Congress will be the most pro-crypto Congress in U.S. history.

On Tuesday night, over 280 pro-crypto candidates were elected to the House of Representatives and Senate! Check out our interactive election tracker here to see which states voted pro-crypto and which politicians they elected.

In Ohio, Bernie Moreno was elected to replace incumbent Senator Sherrod Brown, the Senate Banking Committee Chair and a harsh crypto critic. Moreno, a vocal crypto advocate, is poised to be a powerful champion for our cause. He is a regular at crypto conferences across the country and recently vowed to “lead the fight to defend crypto in the US Senate.”

That’s not all – Bitcoin soared to a record-breaking $75,000 as traders bet on the election results and crypto prediction markets proved to be a dependable source for tracking voter sentiment.

This is only the beginning. The crypto community has proven itself as a force to be reckoned with, and the future of digital currency is brighter than ever. Keep up with the Stand With Crypto Alliance as we continue to advocate for American innovation and progress.

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We Want Your View

With so much momentum coming out of the election, the crypto community is feeling empowered.

Now, crypto advocates nationwide are watching to see what President-Elect Trump’s cabinet will look like, and what it will mean for crypto. There’s even reporting that President Trump might create a new ‘Crypto Czar’ position to oversee crypto policy across the federal government.

One of the most important selections, however, is who will be the next chair of the Securities and Exchange Commission. Current Chair Gary Gensler, who has been notoriously anti-crypto, has announced his resignation. So we wanted to ask you: who should replace him?


Take The SEC Chair Poll

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A major win for crypto – all thanks to you!

We wrote you this week with dire news – the Senate Banking Committee was trying to advance the nomination of an anti-crypto SEC Commissioner for another five-year term.

We asked you to write your senators and tell them to oppose this nomination, and tens of thousands of you stood up and took action. And what happened?

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Thousands of emails from crypto advocates flooded into the U.S. Senate over the last week urging them to oppose the Securities and Exchange Commission lead Caroline Crenshaw’s renomination vote, according to the nonprofit Stand with Crypto.

According to a statement on Tuesday, 52,000 Stand with Crypto advocates sent about 107,000 emails to U.S. senators. This comes as a vote in the Senate Banking Committee to renominate SEC Democratic Commissioner Caroline Crenshaw was scrapped for the second time in about a week.

“Moving on from this nomination is a great first step toward reversing the SEC’s hostile attitude towards crypto and ushering in a new age of American crypto growth and innovation,” said Logan Dobson, executive director of Stand With Crypto, in a statement shared with The Block. “The crypto community is watching, and they expect federal leaders to embrace crypto and its potential to bring jobs, prosperity, and greater economic freedom to all.”

The Senate Banking Committee, led by Sen. Sherrod Brown (D-Ohio), who has criticized crypto, held a hearing last week to vote to nominate Crenshaw to the SEC and Gordon Ito to the Financial Stability Oversight Council. However, that went sideways after Brown said Republicans objected to meeting to vote.

Earlier on Tuesday, a planned vote for Wednesday morning was abandoned again, first reported by Punchbowl News. A Senate Banking Committee aide said on Tuesday they ran out of time due to “Republicans blocking the committee from meeting last week.”

“This is why people hate Washington," Brown said in a statement last week after the first vote didn’t happen. "Corporate special interests have run a disgusting smear campaign against Caroline Crenshaw, an Army reservist and public servant who has been nominated and confirmed by a Republican President and Republican Senate. She has been thoroughly vetted and has gone through every step in the nomination process. Republican Senators are doing the bidding of corporate special interests and standing in the way of her confirmation.”

https://www.theblock.co/post/331309/stand-with-crypto-advocates-flood-senate-with-107000-emails-opposing-sec-crenshaws-renomination