#TrumpTaxCuts U.S. President Donald Trump on Thursday signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include decentralized cryptocurrency exchanges, according to a statement from the White House. In the last weeks of the Biden administration in December, the IRS updated its crypto tax reporting rule that it had finalized earlier in 2024 to clarify that its new guidelines would also apply to decentralized finance - or DeFi - exchanges.
NEW: 🟠 $300 billion SoftBank, Tether, and Cantor are launching a "multibillion-dollar #bitcoin acquisition vehicle" to compete with Michael Saylor's Strategy 👀
ICYMI: 🇺🇸 Your local neighborhood bank in America can now buy, sell, and hold Bitcoin. On April 24, the Federal Reserve has withdrawn its previous letters that had forced banks to get special regulatory permission first for any $BTC service, preventing the technology adoption.
#XRPETF XRP maintains $2 as ETF approval nears while legal uncertainty with the SEC looms, impacting XRP’s market outlook XRP price is hovering above $2 on April 27, 2025, which reflects strong investor sentiment and critical market development. On April 26, 2025, XRP gained 0.42% from its preceding day’s close, mirroring a broader crypto market capitalization of $2.92 trillion. As Proshares set to launch three XRP ETFs on April 30, XRP is building momentum by gaining investors’ confidence. But, approval for XRP spot ETFs may largely rely on the SEC withdrawing its appeal and a positive Ripple case resolution, raising concerns among investors. Let’s closely monitor how XRP has performed over the last 24 hours. XRP Hits $2.