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Could Crypto Take SoFi Stock to the Next Level?
After a nearly two-year hiatus from the cryptocurrency industry, banking and finance app SoFi (SOFI 2.56%) recently announced that it will be getting back into the crypto market, and in an even bigger way than before. SoFi made two specific announcements. First, it reported the return of crypto trading to its app -- a service it had offered until late 2023. Second, the bank announced that it would leverage the capabilities of cryptocurrency and blockchain technology to facilitate rapid international money transfers. And perhaps most importantly, SoFi called this the "first of many planned crypto and blockchain ... (full story)
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From @DBNewswire|Jun 29, 2025|16 comments*CANADA RESCINDS DIGITAL SERVICES TAX TO ADVANCE US TRADE TALKS: BBG CANADA'S CARNEY AND PRESIDENT TRUMP AGREED THAT PARTIES WILL RESUME NEGOTIATIONS WITH A VIEW TOWARDS AGREEING ON A DEAL BY JULY 21, 2025 - STATEMENT
Canada rescinds digital services tax to advance broader trade negotiations with the United States Canada’s new government is engaged in complex negotiations on a new economic and security partnership with the United States, focused on getting the best deal for Canadian workers and businesses. Prime Minister Carney has been clear that Canada will take as long as necessary, but no longer, to achieve that deal. To support those negotiations, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States. Consistent with this action, Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025. The DST was announced in 2020 to address the fact that many large technology companies operating in Canada may not otherwise pay tax on revenues generated from Canadians. Canada’s preference has always been a multilateral agreement related to digital services taxation. While Canada was working with international partners, including the United States, on a multilateral agreement that would replace national digital services taxes, the DST was enacted to address the aforementioned taxation gap. The June 30, 2025 collection will be halted, and Minister Champagne will soon bring forward legislation to rescind the Digital Services Tax Act.
