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🚨Breaking News🚨
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🇺🇸 𝗨𝗦 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗧𝗿𝘂𝗺𝗽 𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝘀 𝗜𝗥𝗦 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝗿𝗼𝗸𝗲𝗿 𝗥𝘂𝗹𝗲:
President Donald Trump has signed into law bills that would invalidate an IRS regulation that would have treated decentralized finance (DeFi) platforms as brokers, which would have made them subject to tax reporting obligations. The crypto community had maintained that DeFi platforms do not have the user data required to meet such a requirement. The action is part of Trump's pro-crypto agenda, including proposals such as creating a federal Bitcoin reserve and a cryptocurrency working group.
📈 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗦𝗽𝗶𝗸𝗲𝘀 𝗢𝘃𝗲𝗿 $𝟴𝟮,𝟬𝟬𝟬 𝗶𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆:
The price of Bitcoin has surged to over $82,000, a notable rally. Analysts, however, warn that the rising tensions between the U.S.-China trade war may bring in volatility, paving the way for a bull trap situation.
🧑🏻⚖️ 𝗖𝗵𝗮𝗻𝗴𝗽𝗲𝗻𝗴 𝗭𝗵𝗮𝗼'𝘀 𝗟𝗲𝗴𝗮𝗹 𝗧𝗿𝗼𝘂𝗯𝗹𝗲𝘀 𝗘𝘀𝗰𝗮𝗹𝗮𝘁𝗲:
Former Binance CEO Changpeng Zhao still has legal issues to contend with. In November 2024, FTX sued Binance Holdings Ltd., Zhao, and other executives to recover almost $1.8 billion allegedly sent fraudulently. This is in addition to earlier charges, such as anti-money laundering law violations and running an unlicensed money transmission business.
🗽 𝗡𝗲𝘄 𝗬𝗼𝗿𝗸 𝗣𝗹𝗮𝗻𝘀 𝗕𝗶𝗹𝗹 𝗳𝗼𝗿 𝗦𝘁𝗮𝘁𝗲 𝘁𝗼 𝗔𝗰𝗰𝗲𝗽𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗳𝗼𝗿 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀:
A new bill presented in New York plans to permit the state government to receive payments in cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The bill proposes an added state "service fee" on cryptocurrency payments, indicating a forward-thinking strategy with regards to digital assets.
🇺🇸 𝗨𝗦 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗧𝗿𝘂𝗺𝗽 𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝘀 𝗜𝗥𝗦 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝗿𝗼𝗸𝗲𝗿 𝗥𝘂𝗹𝗲:
President Donald Trump has signed into law bills that would invalidate an IRS regulation that would have treated decentralized finance (DeFi) platforms as brokers, which would have made them subject to tax reporting obligations. The crypto community had maintained that DeFi platforms do not have the user data required to meet such a requirement. The action is part of Trump's pro-crypto agenda, including proposals such as creating a federal Bitcoin reserve and a cryptocurrency working group.
📈 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗦𝗽𝗶𝗸𝗲𝘀 𝗢𝘃𝗲𝗿 $𝟴𝟮,𝟬𝟬𝟬 𝗶𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆:
The price of Bitcoin has surged to over $82,000, a notable rally. Analysts, however, warn that the rising tensions between the U.S.-China trade war may bring in volatility, paving the way for a bull trap situation.
🧑🏻⚖️ 𝗖𝗵𝗮𝗻𝗴𝗽𝗲𝗻𝗴 𝗭𝗵𝗮𝗼'𝘀 𝗟𝗲𝗴𝗮𝗹 𝗧𝗿𝗼𝘂𝗯𝗹𝗲𝘀 𝗘𝘀𝗰𝗮𝗹𝗮𝘁𝗲:
Former Binance CEO Changpeng Zhao still has legal issues to contend with. In November 2024, FTX sued Binance Holdings Ltd., Zhao, and other executives to recover almost $1.8 billion allegedly sent fraudulently. This is in addition to earlier charges, such as anti-money laundering law violations and running an unlicensed money transmission business.
🗽 𝗡𝗲𝘄 𝗬𝗼𝗿𝗸 𝗣𝗹𝗮𝗻𝘀 𝗕𝗶𝗹𝗹 𝗳𝗼𝗿 𝗦𝘁𝗮𝘁𝗲 𝘁𝗼 𝗔𝗰𝗰𝗲𝗽𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗳𝗼𝗿 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀:
A new bill presented in New York plans to permit the state government to receive payments in cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The bill proposes an added state "service fee" on cryptocurrency payments, indicating a forward-thinking strategy with regards to digital assets.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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