📊 Today’s Crypto Updates
• Senate Blocks Crypto Tax Rule – The U.S. Senate just repealed a regulation that would have forced DeFi platforms to report transactions to the IRS. This is a big win for DeFi and decentralization.
• Bitcoin Rises to $88K – BTC saw a 1.9% increase, fueled by optimism around potential U.S. tariff cuts. Still 23% below its January high, but momentum is building.
• Regulations Loosen for Crypto Firms – Major crypto companies like Coinbase and Kraken are benefiting as the government drops lawsuits and enforcement actions.
• Trump Backs Crypto – A major shift from his previous stance, Trump announced that Bitcoin, Ethereum, and three other cryptos will be added to the Federal Reserve’s balance sheet.
• Crypto Firm Expanding in SF – Investment firm Paradigm is eyeing a move to the Transamerica Pyramid, showing renewed demand for office space among crypto and AI companies.
