Josh Jarrett Challenges IRS Taxation on Crypto Staking Rewards
The IRS faces a lawsuit regarding the taxation of crypto staking rewards. Proposed legislation suggests tax only upon sale of…
Dubai Authorities Impose Penalties on Cryptocurrency Firms
Dubai enforces penalties on unlicensed cryptocurrency firms. VARA initiates investigations and requires immediate operational cessation. Dubai maintains a leading role…
Taiwan Initiates Trials for Crypto Asset Custody Services in Local Banks
Taiwan's FSC plans trials for crypto custody services in 2025. Cybersecurity and anti-money laundering measures are prioritized. Successful trials could…
SEC Chair Addresses Cryptocurrency Regulation and Challenges
SEC Chair Gensler addresses regulatory challenges in the cryptocurrency sector. Legal clarity remains a significant concern for cryptocurrency companies. Many…
US Attorney General Files Charges Against Cryptocurrency Manipulation
The US Department of Justice charged 18 individuals and companies with cryptocurrency manipulation. SEC Chairman Gensler faced questions on regulatory…
SEC Chair Addresses Questions on Cryptocurrency Regulation
Cryptocurrency faces significant scrutiny from regulatory bodies like the SEC. SEC Chair Gensler emphasizes the importance of existing laws for…
21Shares Advocates for a Robust Regulatory Framework in the EU
21Shares calls for a unified regulatory framework in the EU cryptocurrency market. The firm highlights the importance of ESMA's clear…
U.S. Regulators Impose Restrictions on Banks Serving the Crypto Industry
Federal regulators impose restrictions on banks involved with crypto businesses. Legal experts express divided opinions on the constitutionality of these…
SEC Issues Wells Notice to Cryptocom Exchange Before Upcoming Elections
The SEC has issued a Wells Notice to the Cryptocom exchange. This indicates an impending lawsuit against the exchange. CRO…
Tim Draper Highlights Bitcoin’s Resilience and Critiques SEC Regulations
Tim Draper critiques SEC regulations for stifling crypto innovation. He believes Bitcoin will increasingly be used for daily transactions. Draper…
Donald Trump Plans to Replace SEC Chair with Robinhood’s Legal Director
Trump plans to dismiss SEC Chair Gensler if he wins the presidency. He considers Robinhood's Legal Director as a potential…
Bitcoin Price Increases as UAE Implements VAT Exemptions
Bitcoin's price rises as UAE announces VAT exemptions for virtual assets. UAE positions itself as a hub for virtual asset…
Coinbase Delists Unlicensed Stablecoins to Comply with MiCA Regulations
Coinbase plans to delist unlicensed stablecoins by December 30, 2024. Stablecoins require licensing from EU countries to avoid restrictions. Regulatory…
The U.S. Congress Faces Challenges in Passing Crypto Legislation
The U.S. Congress appears unlikely to pass stablecoin legislation or approve the FIT21 crypto asset regulatory framework in the Senate.…
Gurbir S. Grewal Leaves SEC After Influencing Cryptocurrency Regulations
Gurbir S. Grewal's exit from the SEC signals changes in cryptocurrency regulation. His strict actions against crypto firms led to…
Kraken Removes Monero from Trading in the European Economic Area
Kraken has delisted Monero for users in the European Economic Area. Regulatory pressures are impacting privacy-focused cryptocurrencies significantly. Users are…
Washington DC Court Allows Kalshi Users to Trade in Election Prediction Market
The court ruling allows Kalshi to operate in the election prediction market. Kalshi plans substantial investment in advertising if allowed…
Kamala Harris Receives Call for Meeting on Web3 and DeFi Innovation
The letter calls for a meeting with Kamala Harris regarding DeFi and blockchain. Advocates highlight the need for inclusive financial…
Charles Schwab and Ripple Generate Excitement in the Cryptocurrency Sector
Charles Schwab plans to offer cryptocurrency services if regulations allow. Ripple emphasizes the need for regulatory clarity in the industry.…
Olumide Osunkoya Accepts Guilt in Running Illegal Crypto ATMs in the UK
Olumide Osunkoya operates illegal crypto ATMs in the UK. FCA warns illegal ATMs fund criminal activities. Osunkoya faces severe penalties…
