US Judge Demands $5.2M in Bitcoins from a Hacker
A US judge based in San Francisco is forcing a hacker to surrender his cryptocurrency and give up his sports car after accusing him of stealing funds from tech companies in Silicon Valley.
Bloomberg: A Spot Bitcoin ETF Could Be Approved This Year
Analysts James Seyffarth and Eric Balchunas of Bloomberg now estimate the likelihood of a spot Bitcoin ETF launching before the end of 2023 to be 75%, after Grayscale’s legal victory over the SEC.
US Congress Accuses Fed of Creating Barriers to Stablecoins Issuance by Banks
A group of congressional members have written to the Federal Reserve System’s leader Jerome Powell expressing their concern that the recent moves from the Fed to increase oversight of banks’ cryptocurrency dealings will impede the progress of the bill to regulate stablecoins.
Coin Center Urges US Congress for Clearer Crypto Regulations
Coin Center has been lobbying Senators Wyden and Crapo, from the Senate Finance Committee, to create clearer regulations for cryptocurrencies concerning taxation.
A US Court Overturns SEC’s Decision on SPIKES Futures
The US Court of Appeals for the District of Columbia has recently overturned an SEC ruling that would have treated instruments on the SPIKES index as futures instead of as securities futures.
US IRS Plans to Tax Staking Income
The IRS has recently released a draft supplement to their rules which requires that any rewards gained from staking coins in Proof-of-Stake networks be counted as taxable income.
Grayscale: The SEC Should Approve All Bitcoin Spot ETF Requests
Grayscale Investments has expressed its belief that the SEC should approve all applications for spot versions of an exchange-traded fund (ETF) based on Bitcoin.
