Coinbase Leaps Into Supreme Court Case in Defense of User Data Going to IRS
The U.S. crypto exchange filed a brief in a longstanding privacy battle over records the tax agency sought on customers’ crypto transactions.
Policy
Crypto Coalition Tells SEC Staking Is ‘Essential Good,’ Not a Security
Industry entities led by the Crypto Council for Innovation argued in a letter to the U.S. Securities and Exchange Commission that it shouldn’t regulate staking.
Author of Crypto Bills Now Being Rehashed Predicts ‘Wicked Hot Summer’ in Congress
Patrick McHenry, the ex-lawmaker who championed last year’s crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
Tornado Cash Can’t Be Sanctioned Again, Texas Judge Rules
In December, a U.S. appeals court ruled that the U.S. Treasury’s Office of Foreign Asset Control (OFAC) exceeded its statutory authority in sanctioning Tornado Cash.
Samourai Wallet Prosecutors Are Considering Dropping Charges Under New DOJ Crypto Enforcement Priorities: Filing
The co-founders are each facing up to 25 years in prison for alleged money laundering and unlicensed money transmitting.
Nexo to Return to U.S. After 2022 Exit, Citing Renewed Crypto Optimism Under Trump
The digital asset platform, which left the U.S. after clashing with regulators, says it’s relaunching with full services for retail and institutional clients.
Fed Joins OCC, FDIC in Withdrawing Crypto Warnings for U.S. Banks
Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.
Slovenia Moves to Tax Crypto Profits at 25%
The tax would apply to profits from selling crypto for fiat currency or goods and services, but not to swapping one cryptocurrency for another.
Canary Capital Files for Tron ETF With Staking Capabilities
The Securities and Exchange just days ago postponed its decision on Grayscale’s request to add staking to its ethereum ETF products.
Feds Mistakenly Order Estonian HashFlare Fraudsters to Self-Deport Ahead of Sentencing
Ivan Turogin and Sergei Potapenko ran a crypto mining Ponzi scheme that defrauded investors around the world of more than $575 million.