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๐จ Senator Lummis Proposes Tax Reform to Support Bitcoin Miners & Crypto Innovation โ๏ธ Senator Cynthia Lummis is once again stepping up for the crypto industryโthis time by proposing tax reforms to end double taxation on Bitcoin miners and crypto transactions. ๐บ๐ธ To strengthen U.S. leadership in financial innovation and ensure that crypto builders and miners can thrive without unfair tax burdens. ๐ข Backed by prominent voices like Michael Saylor, Lummis also extended thanks to President Trump for supporting this pro-innovation stance. ๐ This move could be a pivotal step toward making the U.S. a global hub for digital asset growth. #Crypto #Bitcoin #CynthiaLummis #MichaelSaylor #Web3 https://coingape.com/senator-lummis-proposes-tax-reform-for-bitcoin-miners/?utm_source=bnb&utm_medium=coingape
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๐จ Fed Leadership Shake-Up Incoming? Scott Bessent Confirms Powell Replacement Search ๐บ๐ธ Big changes may be ahead for U.S. monetary policy. ๐ Treasury Secretary Scott Bessent has confirmed that the Trump administration is actively seeking a replacement for Federal Reserve Chair Jerome Powell. ๐ข With Bessent himself among the top contenders for the role, this development signals a potential shift in economic direction as 2025 nears. ๐ Powell has faced ongoing criticism over rate decisions, and this move could redefine the Fed's approach to inflation, interest rates, and financial markets. #FederalReserve #JeromePowell #ScottBessent #InterestRates #TrumpAdministration https://coingape.com/scott-bessent-confirms-search-for-jerome-powells-replacement/?utm_source=bnb&utm_medium=coingape
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๐จ Trump to Powell: Cut Rates to 1%โNow ๐ President Donald Trump has once again turned up the heat on the Federal Reserve, this time sending a handwritten note to Fed Chair Jerome Powell, demanding a reduction of interest rates to 1%. ๐บ๐ธ Trump argues the U.S. is falling behind globally, citing other nations with lower benchmark rates and urging immediate action. With rates currently at 4.25%โ4.5%, this proposal marks a dramatic shiftโif acted upon. ๐ Is this pressure campaign politics as usualโor the start of major monetary policy change? #Trump #FederalReserve #InterestRates #Economic https://coingape.com/donald-trump-calls-on-fed-to-lower-interest-rates-to-1/?utm_source=bnb&utm_medium=coingape
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๐จ Robinhood Enters the Blockchain Game with Arbitrum-Powered Layer 2! ๐ข In a major leap into Web3, Robinhood has officially announced its own Layer 2 blockchain built on Arbitrum, aimed at powering stock token issuance and scaling decentralized services. โ Partnership rumors now confirmed โ HOOD stock surged 10%+ on the news โ Arbitrum ($ARB) also saw a double-digit price spike ๐ This move positions Robinhood as a serious player in the evolving DeFi and tokenized securities spaceโblurring the lines between traditional finance and the decentralized world. #Robinhood #Arbitrum #Layer2 #Blockchain #DeFi https://coingape.com/robinhood-announces-layer-2-blockchain-on-arbitrum-hood-stock-jumps-10/?utm_source=bnb&utm_medium=coingape
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๐ US Supreme Court Ruling Sparks Crypto Privacy Concerns ๐บ๐ธ In a landmark decision, the US Supreme Court has ruled against Coinbase users, siding with the IRS in a case involving access to user data on the exchange. โ๏ธ The ruling upholds the IRS's authority to issue summonses for crypto user informationโsetting a precedent with far-reaching implications for: โซ๏ธ User privacy โซ๏ธ Crypto taxation โซ๏ธ Regulatory oversight ๐ While the goal is greater tax compliance, the ruling raises serious questions about data privacy and government access to financial records in the decentralized era. #Crypto #Coinbase #IRS #Regulation #Blockchain https://coingape.com/us-supreme-court-raises-privacy-concerns-in-ruling-against-coinbase-users/?utm_source=bnb&utm_medium=coingape
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