Category: Law of the Chain
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Lummis Goes Solo: Wyoming Senator Unveils Crypto-Tax Overhaul After Budget-Bill Snub – Brave New Coin
Senator Cynthia Lummis introduces a standalone crypto-tax bill addressing issues like small transaction exemptions, staking rewards taxation, and wash-sale rules, aiming for fairer treatment of digital assets.
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Grayscale Calls SEC Trading Pause on ETF Holding Solana, XRP ‘Unexpected’ – Decrypt
Grayscale expressed surprise at the SEC’s pause on trading its Digital Large Cap Fund ETF, which includes Solana, XRP, and Cardano. The SEC is reviewing altcoin ETF applications amid evolving regulations.
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Cynthia Lummis submits a draft bill to end double taxation and add clarity to crypto tax
Senator Cynthia Lummis proposes a bill to exempt small crypto transactions from taxes, clarify staking/mining taxation, and prevent double taxation, aiming to foster digital economy growth.
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Senator Lummis’ New Bitcoin Tax Exemption Bill Is Insufficient — But It’s A Start
Senator Lummis proposed a bill allowing tax-free bitcoin spending up to $300 per transaction and $5,000 annually, but critics argue the caps are too low and should be removed.
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Tornado Cash co-founder keeps testimony plans unclear ahead of trial
Tornado Cash co-founder Roman Storm prepares for July 14 trial on money laundering and conspiracy charges, unclear if he will testify in his defense.
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BoE Governor Warns Stablecoin Boom May Hurt Monetary Trust
BoE Governor Andrew Bailey warns stablecoin growth could undermine monetary trust if unregulated, urging central banks to reassess their role amid evolving payment innovations and liquidity risks.
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Tornado Cash co-founder keeps testimony plans unclear ahead of trial
Tornado Cash co-founder Roman Storm remains uncertain about testifying in his upcoming US trial for money laundering and sanctions violations, as crypto industry figures support his defense.
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Senator Lummis presents bill to insert crypto tax definitions to shield micro-payments, validation rewards
Senator Lummis introduced a bill to clarify crypto tax rules, exempting small transactions under $300 and deferring taxes on validation rewards until sale. It also expands securities-lending rules to crypto.
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U.S. Treasury Sanctions Russian Crypto Wallet Linked to Ransomware Operations – The Daily Hodl
The U.S. Treasury sanctions Russia-based Aeza Group for providing bulletproof hosting services to ransomware and cybercriminal groups targeting U.S. and global victims.
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Ripple Seeks a U.S. Bank Charter—Is Now a Good Time to Buy Crypto and Load Up on XRP? – Brave New Coin
Ripple applies for a U.S. bank charter and Fed master account, aiming to boost credibility and regulatory compliance. XRP price rises 3% amid speculation about crypto buying opportunities.
