CBDT probes crypto tax evasion in India
India’s CBDT investigates crypto tax evasion, targeting unaccounted incomes and money laundering via digital assets. Non-compliance with 30% tax on VDA transfers prompts scrutiny of individuals and firms.
CFTC Chair Shares New Crypto Approach Under Trump Admin
CFTC Acting Chair Caroline Pham outlines a pro-innovation crypto regulation approach under the new administration, focusing on fraud prevention rather than criminalizing the asset class.
Trump discloses $57M crypto windfall from World Liberty Financial
Donald Trump disclosed $57.4M income from World Liberty Financial, a crypto venture he backs. The filing shows he holds 15.75B governance tokens, with unclear valuation methods.
Binance Freezes $3.5M in Crypto as Kidnap Ransom Trail Collapses on Blockchain – Exchanges Bitcoin News
Binance froze $3.5M in crypto linked to a kidnap ransom scheme, aiding Philippine authorities in dismantling a laundering ring hidden in casinos.
Trump Media’s Bitcoin treasury registration ‘declared effective’ by SEC
Trump Media and Technology Group received SEC approval for its $2.3 billion Bitcoin treasury deal, registering shares and convertible notes. The company plans to expand its offerings and establish a Bitcoin treasury, while also filing to launch a Bitcoin ETF.
Coinbase Rallies Behind 2 Landmark Crypto Bills—52M US Owners Await Congress – Regulation Bitcoin News
Coinbase advocates for two key crypto bills in Congress, seeking regulatory clarity and investor protection for 52 million US crypto owners, as reported by Bitcoin News.
Ripple and SEC Renew Efforts to Resolve Long-Running XRP Lawsuit – Legal Bitcoin News
Ripple and the SEC are working to resolve their ongoing XRP lawsuit, seeking to lift the final injunction, release $125 million in escrow, and finalize a settlement.
7 Solana ETF hopefuls file S-1s, but more ‘back and forth’ with SEC ahead
Seven firms filed for Solana ETFs, but SEC approval may take time due to needed discussions and staking feature complexities, similar to past Bitcoin ETF processes.
Ethereum Foundation Commits $500K to Tornado Cash Case, Aligns Treasury Strategy with Legal Defense ETHNews
The Ethereum Foundation commits $500K to Tornado Cash co-founder Roman Storm’s legal defense, matching community donations up to $750K, while adjusting treasury strategy to maintain reserves.
Elizabeth Warren, Consumer Groups Slam Walmart and Amazon Stablecoin Plans – Decrypt
Senator Elizabeth Warren and consumer groups criticize Amazon and Walmart’s potential stablecoin plans, warning of corporate power and data exploitation risks under the GENIUS Act.
