Circle applies for national trust bank charter to expand USDC reserve custody
Circle applies for a national trust bank charter to custody USDC reserves and offer digital asset services, amid advancing stablecoin legislation and strong market valuation.
US Supreme Court will not review IRS case involving Coinbase user data
The US Supreme Court declined to review a case involving Coinbase user data shared with the IRS, upholding lower court rulings and setting precedents for crypto privacy rights.
US Government To Be Hit With $3,300,000,000,000 in Additional Deficits Under Senate Tax Bill: CBO – The Daily Hodl
The CBO reports the Senate tax bill could add $3.3 trillion to US deficits, increasing debt by $3.9 trillion. Paul Tudor Jones suggests Bitcoin and gold as hedges against inflation amid rising debt concerns.
Bank Suddenly Shut Down by US Regulators in Second Bank Failure of 2025 – The Daily Hodl
The FDIC shut down The Santa Anna National Bank due to suspected fraud, marking the second US bank failure in 2025. About $2.8 million of its $53.8 million deposits were uninsured.
Treasury Secretary Bessent Leads Search for Next Fed Chair as Powell’s Term Nears End – Economics Bitcoin News
Treasury Secretary Scott Bessent is leading the search for Jerome Powell’s successor as Federal Reserve Chair, with President Trump expected to announce the new appointee soon.
Senator Lummis announces OBBB crypto tax amendment while crypto advocates mobilize for approval
Senator Lummis proposes a crypto tax amendment to OBBB, aiming to eliminate double taxation on miners and stakers while advocating for a de minimis exemption for small transactions.
Senator Lummis Proposes Tax Reform For Bitcoin Miners
Senator Lummis proposes tax reforms to protect Bitcoin miners and stakers from double taxation, aiming to bolster US leadership in crypto innovation and adoption.
Trump’s ‘Big Beautiful Bill’ May Get a ‘Hail Mary’ Bitcoin Tax Exemption – Decrypt
Senators are pushing to include a crypto tax exemption amendment in Trump’s budget bill, potentially easing capital gains on small transactions and clarifying staking rewards taxation.
REX Shares’ Solana ETF on the brink of trading launch as SEC readies greenlight
REX Shares’ Solana staking ETF is nearing SEC approval, potentially launching soon as the first U.S. SOL ETF, offering investors staking rewards without direct crypto management.
Donald Trump Calls On Fed To Lower Interest Rates To %1
President Donald Trump pressures Fed Chair Jerome Powell to lower US interest rates to 1%, citing lower rates in other countries. Traders now bet on a potential July rate cut.
