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US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report

A bipartisan group of House members have reportedly signed on to legislation aimed at identifying the definition of a crypto broker in the U.S. infrastructure law. ....

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Headlines for Wednesday, May 25th

The Fairfield City Council met last night. Aldermen approved a $1.8 million bid from Caldwell Tank, Inc., out of Louisville, Kentucky for a new water tower next to the million gallon storage tank on Northwest Seventh Street. Funding will come from a combination of TIF and city funding and a grant from then-Representative Darren Bailey. The City will likely need to finance about $700,000 of the project, per Alderman Tyler Lampley, and it may utilize a line of credit to do so. Payment would take one year and would have no impact on the general fund. The council heard several nominations for city positions. The nomination of former mayor Brent Maguire for Police Chief failed for lack of a motion. Most other appointments were unanimous, though three did have abstentions. In his report at last night's meeting, Mayor Mike Dreith gave a more detailed account of the 2020 Census. Per the Census, the median age of Fairfield residents is 42.7, and the average resident has a 20-minutes commut ....

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SEC chair hints at no spot Bitcoin ETFs yet, but cites 'careful consideration' for future

Gary Gensler hinted that the SEC was no closer to approving a Bitcoin spot ETF in the United States capable of preventing “fraudulent and manipulative acts and practices” by the standards of the Exchange Act. ....

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