U.S. House Committee Advances Effort to Erase IRS’ DeFi Tax Rule
A joint resolution in Congress seeks to reverse a December move by the IRS to impose a tax regime in DeFi, and the House has taken the first steps to do that.
Treasury Secretary Scott Bessent Hires Galaxy Digital Counsel to Advise on Crypto
Tyler Williams previously served several roles in the U.S. government.
Bank of America CEO Says Bank Will Likely Launch Its Own Stablecoin
The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.
The U.S. War on Crypto Isn’t Over
The fact that the Trump administration has installed many crypto-friendly people in positions of power doesn’t mean that the industry will now get a free pass.
U.S. Bitcoin ETFs See Record Daily Outflow of Over $930M as Carry Trades Lose Shine to The 10-Year Treasury Note
Investors pulled out funds from bitcoin and ether spot ETFs Tuesday as dwindling basis in the CME futures dented the appeal of carry trades.
XRP, BNB Edge Higher as Bitcoin Bulls Eye $90K After Tuesday Bloodbath
The move higher was in line with a CoinDesk analysis on Tuesday, as a five-month low in a sentiment index and a large-scale liquidation event indicated assets were likely oversold and could see relief in the short term.
Solana’s Price Faces A Key Test, While This AI Blockchain Aims For An Explosive 8,000% Growth Curve
The Solana price is at a critical crossroads, facing market uncertainty as investors watch for its next move. Meanwhile, WallitIQ … Continue reading
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How to Prepare for a Major Compliance Failure Settlement: The OKX Approach
A confidential crisis management document drafted by OKX offers a fascinating insight into how one exchange choreographs its response when news breaks about regulatory failures.
Michael Novogratz’s Galaxy Hires Zac Prince, Former CEO and Co-Founder of BlockFi
Prince will work closely with the firm’s president, Chris Ferraro, to expand Galaxy’s crypto offering.
SEC Drops Investigation Into Uniswap, Will Not File Enforcement Action
Uniswap celebrated the news on X, calling it a “huge win for DeFi.”