President Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi
The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.
Policy
Helium Issuer Nova Labs Agrees to Pay SEC $200K to Settle Allegations It Lied to Investors
As part of the settlement agreement, the SEC agreed to drop its claims that three of Nova Labs’ tokens, including the native HNT token, were securities.
New SEC Staff Statement Urges Detailed Crypto Token Disclosures
The SEC staff statement was based on observations about previous disclosures, the agency said.
Atkins Confirmed By U.S. Senate to Take Over SEC Formerly Run by Gensler
Former SEC Commissioner Paul Atkins will be sworn in as the agency’s next chair and will oversee future regulation for the crypto sector.
SEC Approves Trading of Ether ETF Options
The regulator had initially postponed a decision back in February but ETF analyst James Seyffart said the approval wasn’t a surprise.
Ukraine Considers Up to 23% Personal Income Tax on Crypto in Newly Proposed Tax Scheme
Under a proposal, certain crypto transactions would be taxed at the country’s standard 18% rate, as well as an extra 5% levy to support the country’s war costs.
Hong Kong Regulator Releases Crypto Staking Rules for Licensed Exchanges
Hong Kong’s Securities and Futures Commission has given a green light for virtual asset trading platforms (VATPs) and authorized virtual asset funds to offer staking services.
SEC Staff to Reassess Biden-Era Crypto Guidance Amid Regulatory Shakeup
This review is part of efforts to ease regulatory pressure on the digital assets sector and may lead to new regulatory frameworks.
OKX Fined $1.2M by Malta for Breaching Money Laundering Rules
The company was expected to assess the nature of risks prevalent in the services it was offering, the Financial Intelligence Analysis Unit said in a notice.
Illinois to Drop Staking Lawsuit Against Coinbase
Three other states — Kentucky, Vermont and South Carolina — have already dropped their suits.