Tax revenue denominated in Bitcoin would be funneled into the US strategic BTC reserve and would not trigger a taxable event for the payer.
US Government News
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Senate Banking Chair Tim Scott says the committee could mark up a crypto market structure bill in December, sending it to President Donald Trump for early 2026.
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Bitcoin’s latest tumble pushed it below the $93,507 price it entered the year at, despite the year mostly seeing positive industry developments from corporations and governments.
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US President Donald Trump signed the bill ending the record 43-day government shutdown and resuming federal operations.
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The House passed a funding bill to end the longest US government shutdown in history, which had previously delayed crypto ETF approvals and key crypto bills.
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Smart money traders have also added $8.5 million worth of net long Bitcoin positions, signaling growing optimism among the industry’s most successful traders.
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The Senate passed a bill on Monday to end the record US government shutdown, while Bitcoin has been trending on social media as it surged 6.7% past $106,000.
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Interim CFTC chief Caroline Pham confirmed plans to greenlight leveraged spot crypto trading in the US as early as next month following talks with regulated exchanges.
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Investors saw the announcement as a positive catalyst for crypto markets, but the proposed stimulus hinges on a Supreme Court ruling.
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Binance co-founder CZ pushed back against allegations that his pardon was motivated by close ties or business deals with the Trump family.
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Across the United States, Bitcoin is gaining traction far from coastal tech hubs, driven by cultural alignment, local educators and emerging state-level legislation.
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Coinbase insists that the US Treasury cannot override Congress’s intent on the GENIUS Act, but banks continue to press for a blanket ban on stablecoin interest.
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Miami Mayor Francis Suarez started receiving his salary in Bitcoin four years ago, when Bitcoin was valued at around $64,000.
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David Sacks warns that the real threat AI poses is when it is used for government surveillance and information control.
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Following a presidential pardon that sparked debate over influence and access, crypto companies and PACs are ramping up political spending as the sector matures into a Washington power player.
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