The recent push by Senator Cynthia Lummis to amend the “One Big Beautiful Bill” (OBBB) with crypto-friendly tax reforms is a bold but overdue step in fixing a glaring issue: our tax code is unfit for the digital asset era. The double taxation of miners and stakers—once at the moment of reward receipt, and again
Regulation
The Financial Action Task Force (FATF) paints a troubling portrait of the so-called advancements in global cryptocurrency regulation. While headlines trumpet incremental progress—such as 73% of surveyed jurisdictions adopting laws aligned with the Travel Rule—the reality beneath this veneer is starkly different. The enforcement of these laws remains largely superficial and ineffective. Nearly 60% of
In a world where uncertainty looms large over the cryptocurrency landscape, Kraken has decisively emerged as a beacon of ambition and strategic foresight by becoming the first major global crypto exchange to obtain a full Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland. This groundbreaking move is as much a testament to
In a groundbreaking move, the Federal Housing Finance Agency (FHFA) Director, Willian J. Pulte, has tasked Fannie Mae and Freddie Mac with a game-changing directive: to consider cryptocurrency reserves as eligible assets for single-family mortgage loans. This decision, made on June 25, marks a significant shift in how financial institutions assess risk. Cryptocurrencies have long
In a rapidly evolving financial landscape, the call for Congress to create a solid framework for digital asset regulation has never been sharper. The Senate Banking Committee’s seven-point strategy, unveiled recently, highlights the urgent need for lawmakers to tackle the tumultuous waters of cryptocurrency and digital assets without unnecessary delay. With over 52 million Americans
In a remarkable display of fiscal autonomy, Texas has positioned itself as a pioneer in the cryptocurrency realm by legally establishing its own Bitcoin reserve. Governor Greg Abbott’s recent signing of Senate Bill 21 is not merely a reactionary measure; it represents a profoundly strategic initiative aimed at adopting an asset that symbolizes innovation and
In a financial landscape increasingly dominated by innovation and digital assets, Ripple’s recent policy announcement echoes with urgency for the UK to reclaim its status as a global financial hub. At a Policy Summit held in London, Ripple unveiled an ambitious four-point framework that challenges the British government to act decisively in establishing a robust
In what can only be described as a seismic shift in the financial landscape, Circle’s CRCL shares skyrocketed by an astounding 34% to close at $199.59 on June 18. This impressive leap came on the heels of an all-time high of $200.90, positioning the stock nearly six and a half times above its initial public
Ripple’s protracted legal struggle with the U.S. Securities and Exchange Commission (SEC) offers a profound insight into the murky waters of cryptocurrency regulation. Initially sparked by a complaint in December 2020, the lawsuit accused Ripple of unlawfully selling its XRP token as an unregistered security. After years of back-and-forth litigation, a court ruling in July
In a pivotal move signaling a transformation in regulatory oversight, the U.S. Securities and Exchange Commission (SEC) has decided to withdraw 14 proposed rules, many aimed directly at the burgeoning cryptocurrency market. This decision, announced on June 12, reveals a significant realignment of priorities that seeks to step away from the stringent frameworks established under