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.
Crypto Exchange Binance Files Petition to Dismiss CFTC’s Claim
The Commodity Futures Trading Commission (CFTC) accused crypto exchange Binance and its CEO, Changpeng Zhao, in March of violating derivatives trading rules and operating without a license.
US Introduces Bill for Crypto Market Regulation
The 21st Century Financial Innovation and Technology Act, a 200-page document recently published by Republicans in the US House of Representatives, requires the SEC and the CFTC to specify the definitions of “blockchain” and “digital asset” in the regulation of the digital asset industry.
Nasdaq Stops Crypto Custody Initiative
Nasdaq CEO Adena Friedman announced on Wednesday in an earnings call that Nasdaq has decided to halt their launch of a US digital assets custodian business.
