Lummis pushes for major crypto tax changes in Trump’s ‘Big Beautiful Bill’
Senator Cynthia Lummis proposes crypto tax changes in Trump’s bill to end double taxation on staking/mining rewards and exempt small transactions under $300, aiming to simplify tax burdens.
Circle Moves to Launch a National Trust Bank After IPO
Circle, issuer of USDC stablecoin, files to become a national trust bank after its IPO. The proposed First National Digital Currency Bank would manage reserves but not accept deposits or issue loans.
Analysts raise chance of SOL, XRP and LTC ETF approval to 95%
Analysts predict a 95% chance of Solana, XRP, and Litecoin ETF approvals by the SEC this year, with potential for other altcoin ETFs and a crypto basket ETF soon.
Over 5,000 Scammed in Massive Crypto Scheme Broken up in Spain – Featured Bitcoin News
Spanish authorities dismantled a global crypto fraud network that scammed over 5,000 victims, seizing half a billion dollars in international operation.
Circle Applies for US Trust Bank License – “The Defiant”
Circle, issuer of USDC stablecoin, applies for a US trust bank license to custody digital assets for itself and institutional clients, following its successful IPO and amid growing stablecoin market.
Circle applies for US trust bank charter to manage its USDC reserve
Circle applies for a US national trust bank charter to manage USDC reserves and offer digital asset custody services, aligning with proposed stablecoin regulations under the GENIUS Act.
Two Pieces Of Crypto Legislation Could See Vote From July 7 On
The U.S. House may vote on the GENIUS Act and CLARITY Act crypto legislation starting July 7, marking progress toward establishing a regulatory framework for digital assets in the country.
Spanish authorities arrest five people in $541M crypto fraud case
Spanish authorities arrested five individuals involved in a $541M cryptocurrency fraud scheme, targeting over 5,000 investors. Europol supported the operation, which spanned multiple countries.
Europol Busts $540 Million Crypto Fraud Network That Scammed 5,000 Victims Globally
Europol and Spanish authorities dismantled a $540M crypto fraud network that scammed 5,000 victims globally. The operation involved arrests, seizures, and complex money laundering via crypto exchanges.
Crypto Reserve In The Works: Kazakhstan’s Central Bank Chief
Kazakhstan’s central bank is developing a sovereign crypto-asset reserve, focusing on financial stability. The plan includes using confiscated or government-mined crypto, with strict oversight and legal amendments required.
