US Senator Pushes Crypto Tax Bill With $300 De Minimis Threshold – Bitcoin News
A US senator proposes a crypto tax bill with a $300 de minimis threshold to reduce compliance burdens and encourage everyday digital asset use by exempting small transactions.
House GOP Declares ‘Crypto Week’ to Advance Landmark Digital Asset Bills – Decrypt
House Republicans announce ‘Crypto Week’ to advance three key digital asset bills, including the CLARITY Act and Anti-CBDC Surveillance State Act, aiming to provide regulatory clarity and block a U.S. CBDC.
SEC Issues Guidance on Crypto ETP Compliance Obligations Under Federal Law – Regulation Bitcoin News
The SEC issued guidance for crypto ETP issuers, detailing strict disclosure standards to streamline compliant offerings and enhance institutional access to digital assets under federal securities laws.
Ripple CEO confirms, ‘Linqto owns 4.7M shares’ – But denies any direct sale
Ripple CEO confirmed Linqto owns 4.7M Ripple shares purchased on secondary markets, denying direct sales. Linqto faces legal issues for selling to non-accredited investors, including those from sanctioned countries.
North Korean Hacking Groups Employ New Methods to Target Web3 Companies – Security Bitcoin News
North Korean hacking groups are using advanced techniques like Nim malware and social engineering to target Web3 companies, including attacks on Apple systems.
WhiteRock founder to be extradited over $30M ZKasino case — ZachXBT
UAE authorities arrested WhiteRock Finance founder Ildar Ilham over alleged involvement in ZKasino’s $30M scam. Dutch authorities previously arrested another suspect, with extradition proceedings ongoing. WHITE token dropped 40% post-arrest.
Lummis Goes Solo: Wyoming Senator Unveils Crypto-Tax Overhaul After Budget-Bill Snub – Brave New Coin
Senator Cynthia Lummis introduces a standalone crypto-tax bill addressing issues like small transaction exemptions, staking rewards taxation, and wash-sale rules, aiming for fairer treatment of digital assets.
Grayscale Calls SEC Trading Pause on ETF Holding Solana, XRP ‘Unexpected’ – Decrypt
Grayscale expressed surprise at the SEC’s pause on trading its Digital Large Cap Fund ETF, which includes Solana, XRP, and Cardano. The SEC is reviewing altcoin ETF applications amid evolving regulations.
Cynthia Lummis submits a draft bill to end double taxation and add clarity to crypto tax
Senator Cynthia Lummis proposes a bill to exempt small crypto transactions from taxes, clarify staking/mining taxation, and prevent double taxation, aiming to foster digital economy growth.
Senator Lummis’ New Bitcoin Tax Exemption Bill Is Insufficient — But It’s A Start
Senator Lummis proposed a bill allowing tax-free bitcoin spending up to $300 per transaction and $5,000 annually, but critics argue the caps are too low and should be removed.
