The U.S. Senate has voted to repeal a controversial IRS rule targeting decentralized finance (DeFi) platforms, bringing the measure closer to becoming law. The lawmakers passed the resolution with a 70-28 vote, overturning a regulation that sought to impose tax reporting requirements on DeFi businesses. The decision comes after a ...
Celebrity investor Kevin O’Leary, popularly known as Mr. Wonderful, has expressed optimism about the future of crypto under President Trump’s administration. In an interview with Fox News, the Shark Tank star emphasized that the crypto industry has moved beyond its “cowboy era” and entered a “new phase” characterized by increased ...
U.S. Congressman Byron Donalds is preparing to introduce a bill designed to safeguard President Donald Trump’s executive order establishing a strategic Bitcoin reserve. The proposed legislation aims to ensure that future presidents cannot overturn the executive order, effectively codifying it into law. According to a Bloomberg report, the bill’s primary ...
A Democratic lawmaker is calling on the U.S. Treasury to abandon plans for a strategic cryptocurrency reserve, citing potential conflicts of interest involving President Donald Trump and arguing that such a move offers no tangible benefits to the American people. In a letter dated March 13, House Representative Gerald E. ...
Tether CEO Paolo Ardoino has pushed back against criticism of the company’s influence on the U.S. financial system, arguing that its massive holdings in U.S. Treasuries contribute to economic stability. Speaking at a Bitcoin Policy Institute event on March 11, Ardoino highlighted Tether’s $115 billion investment in U.S. debt, claiming ...
United States Senator Bill Hagerty introduced an updated version of the GENIUS Act before a Senate Banking Committee vote scheduled for March 13. The revised bill aims to strengthen regulatory standards for stablecoin issuers, enhancing consumer protections, reserve requirements, and oversight measures. One of the most significant changes in the ...
Jan3 CEO Samson Mow has dismissed doubts that the U.S. newly established Strategic Bitcoin Reserve (SBR) would not expand its holdings beyond seized assets. In his statement announcing the creation of the Reserve, White House Crypto Czar David Sacks confirmed that the reserve will initially be funded by Bitcoin seized ...
The United States could amass more than 1 million Bitcoin over the next five years if authorities decide to sell a portion of the country’s gold reserves, according to a new analysis by Singapore-based blockchain firm Matrixport. In a March 7 post on X, Matrixport analysts estimated that selling 15% ...
United States President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve. In a March 7 announcement on his official X account, White House AI and Crypto Czar David Sacks revealed that the reserve would be funded using Bitcoin seized through federal asset forfeitures, ensuring no ...
Brian Armstrong, CEO of Coinbase, has suggested that the majority of G20 nations will likely be inclined to follow the U.S.'s lead and establish their own digital asset reserves. Armstrong stated this while commending the Donald Trump administration in a post on X for creating the digital asset reserve. He ...
