Circle Seeks Approval to Launch ‘First National Digital Currency Bank’ – Finance Bitcoin News
Circle is seeking OCC approval to establish a federally regulated USDC trust bank, aiming to integrate crypto infrastructure into U.S. financial regulation.
Rex-Osprey Solana ETF to Debut ‘First-Ever’ US Crypto Fund With Staking – Decrypt
Rex-Osprey launches the first US crypto ETF with staking, holding Solana via a Cayman subsidiary and staking 50% of assets. Unlike traditional ETFs, it’s registered under the Investment Company Act and taxed as a C-corp.
Senator Lummis Seeks to Waive US Taxes on Small-Scale Crypto Activity in Budget Bill
Senator Cynthia Lummis proposes a crypto tax amendment to waive taxes on small transactions under $300 and reform taxation for staking, mining, and airdrops, aiming to simplify crypto tax burdens.
Aptos Labs CEO Joins CFTC Crypto Subcommittee
Aptos Labs CEO Avery Ching joins CFTC’s Digital Assets Markets Subcommittee to help shape crypto regulations alongside industry leaders from Web3 and financial services.
South Korea: Kakao Bank, Toss Bank to Expand Crypto Operations
Kakao Bank and Toss Bank, major South Korean neobanks, are expanding crypto and stablecoin operations amid regulatory shifts, partnering with exchanges like Coinone.
Trump Admin Beats Coinbase, Privacy Advocates in Supreme Court IRS Showdown – Decrypt
The Supreme Court declined to hear a case challenging the IRS’s ability to obtain crypto user data from exchanges, upholding the third-party doctrine and dealing a blow to privacy advocates and Coinbase.
Supreme Court Nixes Coinbase Appeal, IRS Eyes Crypto Data
The US Supreme Court rejected an appeal challenging IRS access to Coinbase user data, upholding lower court rulings. This allows continued IRS collection of crypto transaction records for tax enforcement.
U.S. Senator Lummis Proposes Amendment to Ease Crypto Tax Concerns Bitcoin ETHNews
Senator Lummis proposes an amendment to ease crypto tax burdens, addressing double taxation for miners/stakers and opposing a 5% transfer tax, aligning with broader U.S. pro-Bitcoin policies.
Circle targets federally regulated trust status to manage stablecoin reserves, offer custody services
Circle applied to become a federally regulated trust bank to manage USDC reserves and offer crypto custody services, aligning with the GENIUS Act and enhancing dollar resilience.
Stablecoin Giant Circle Wants to Be Its Own Bank, Applies for National Trust License – Decrypt
Circle, issuer of USDC stablecoin, applies for a national trust bank license to oversee reserves and comply with stablecoin regulations, aiming to enhance transparency and dollar resilience.
