Category: Law of the Chain
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IRS Mapping Wallet Activity Across Chains—Expert Says It’s Time to Prepare – Bitcoin News
Tax expert warns traders about IRS tracking crypto transactions across wallets and chains, emphasizing the need to file Form 1099-DA by 2026 to avoid underreporting penalties.
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Crypto Week Update: GOP Fast-Tracks Bills Amid CBDC Clash – Coinspeaker
GOP fast-tracks crypto bills amid CBDC clash, with Trump intervening to broker support. Key legislation includes the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act, though internal divisions threaten progress.
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Cross-Chain Crypto Crime Hits $21.8 Billion as Scams, Sanctions Evasion Surge: Elliptic – “The Defiant”
Cross-chain crypto crime surged to $21.8 billion by 2025, with North Korea responsible for 12%. Criminals exploit DEXs, bridges, and swaps for scams, sanctions evasion, and laundering, per Elliptic’s report.
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Crosschain swaps move $21B in illicit funds, up 200% in two years: Elliptic
Crosschain swaps facilitated $21.8B in illicit crypto flows, a 211% rise since 2023, per Elliptic. North Korea accounted for 12%. Criminals use multi-chain hopping to evade detection, with bridges and DEXs enabling laundering.
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Texas, Utah, and Arizona Lead in Blockchain Policy, Chainlink Scorecard Shows – “The Defiant”
Chainlink and the Blockchain Association’s scorecard ranks U.S. states on blockchain adoption, with Texas, Utah, and Arizona leading. The report highlights policy progress and key needs for competitiveness.
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Republicans Block Key Crypto Bill’s Epstein Files Amendment
House Republicans blocked a Democratic amendment to the GENIUS Act that sought to release Epstein files, focusing instead on stablecoin regulation during Crypto Week.
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Trump Secures 11 GOP Votes for GENIUS Act Following Oval Office Meeting — Vote Expected Tomorrow
President Trump secured 11 GOP votes for the GENIUS Act after meeting with holdouts. The bill, focused on stablecoin regulation, faced initial defeat but is now set for a vote.
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Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
Congresswoman Anna Paulina Luna confirmed Jerome Powell’s imminent firing, causing prediction markets to surge. Treasury Secretary acknowledged a search for his successor, while crypto markets await potential impacts.
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‘You Can’t Put the Genie Back’: Bitwise CIO Reveals Why Crypto May Never Be the Same Again
Bitwise CIO Matt Hougan discusses how upcoming US crypto legislation could transform the market, reducing risks and volatility while attracting institutional investors through regulatory clarity.
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Latam Insights Encore: US Senate’s Weaponization of Bitcoin Ownership Should Raise Concerns – Op-Ed Bitcoin News
The article discusses concerns over the U.S. Senate’s politicized use of Bitcoin ownership to sanction El Salvador’s administration, framing it as a human rights violation tactic.
