The Wyoming Senator seeks to end double taxation and add clarity to the tax treatment of crypto staking, mining, and lending transactions.
United States News
The United States has maintained the highest gross domestic product in the world since 1871, making it a critical player in the evolution of commerce, finance and technology. The U.S. has been home to some of the most successful, long-standing crypto exchanges and other businesses in the industry.
Over 10 years later, the role of Bitcoin (BTC) in the U.S.’s evolution into digital finance and commerce is still unclear, as U.S. cryptocurrency regulation is still inconsistent, hazy or, at best, done in a patchwork fashion across the 50 states and other territories.
Stay tuned as Cointelegraph covers all the important updates and stories regarding the regulation, maturation and evolution of the crypto space.
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JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens.
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Federal prosecutors traced and seized $40,000 in crypto from scammers posing as Trump-Vance Inaugural Committee officials.
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DigitalMint President Marc Grens confirmed in a statement to Cointelegraph that an employee is under investigation and has been fired from the firm.
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Before its collapse, Silicon Valley Bank had deep ties to crypto companies and venture capital funds investing in the industry.
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A US judge has allowed Celsius’s lawsuit over Tether’s $4 billion Bitcoin liquidation to move forward, rejecting key parts of Tether’s dismissal bid.
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The US Treasury has sanctioned a crypto wallet containing $350,000 tied to the alleged cybercrime hosting service Aeza Group.
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The United States Securities and Exchange Commission is reportedly considering simplifying the listing process for certain crypto ETFs.
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Many provisions of the legislation, which received overwhelming support in the state House and Senate, take effect on Oct. 1.
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Elon Musk’s xAI secures $10 billion to expand its operations as his clash with US President Donald Trump over government spending heats up again.
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Four North Koreans posed as remote developers for US and Serbian blockchain firms, stealing almost $1 million in crypto to fund the regime’s illicit programs.
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Other crypto firms are also reportedly considering applying for a national bank charter, following in the footsteps of Anchorage Digital Bank, which received a license in 2021.
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REX Shares will launch the first US staked crypto ETF this week, giving investors direct exposure to SOL with staking rewards.
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Bitcoin adoption grew considerably in June, with 26 firms adding it to their balance sheets; meanwhile, Bitcoin’s hashrate fell 15%.
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The new compliance solution may cut billions in compliance costs for institutions looking to invest in the crypto economy.
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