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A comment on Senators move to exempt Bitcoin, crypto miners from proposed U.S. tax rules. Parent comment

Re:Senators move to exempt Bitcoin, crypto miners from propo... by spinax on Thursday August 05, 2021 @12:15PM (#28075802)
> FedNow will eventually replace the ACH system

Now that's interesting - does that imply that the clearing delays in transfer (say your US Bank to your Brokerage, ~3 days ACH) will disappear and FedNow makes that an "instant" (within 1 day let's say) settled transfer? Very intriguing.

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Re:Senators move to exempt Bitcoin, crypto miners from propo... by mikeyouse on Thursday August 05, 2021 @01:02PM (#28076466)
Yep - the goal is to move to ~real time transactions so settlement is instantaneous for most transactions with a much shorter window for settlement for those txs over some threshold (initial working docs said $25k, but it'll likely be larger by the time it rolls out).
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