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Crypto Lobby Pressures Congress Over Staking Tax Rules
Three of the largest U.S. crypto lobby groups have urged Congress to pass a staking and mining tax bill without further amendments. The Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber sent a joint letter to House Ways and Means Committee leaders calling for the Tax Clarity for Mining and Staking Act to pass as introduced. The bill, designated H.R. 9175, would give miners and stakers the option to defer taxes on crypto rewards until the assets are sold rather than paying at the point of receipt. The crypto industry has long argued that taxing rewards upon receipt amounts to taxing ... (full story)
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From @realDonaldTrump|4 hr ago|42 comments
So, I have Iran on the “ropes,” ready to go down for the fall, willing to give us practically anything, and for the first time in decades, respecting the hell out of the United States and its President, ME, and the U.S. Senate decides to have a poorly timed and meaningless War Powers Act Vote, telling the Number One Sponser of Terror in the World that the United States doesn’t like what I am doing to them, and I must stop, and by so doing has provided aid and comfort the Enemy. Four Republican Losers voted with the Dumocrats, and Iran asked my people, “what does that all mean?” These Senators have just made my job more difficult, but I will get it done, one way or the other, because I always get it done! President DJT
From etftrends.com|5 hr agoMatthew Kimmell, investment strategist at CoinShares Valkyrie, argued that bitcoin miners are uniquely suited to benefit from the AI buildout. Large-scale miners already operate ...
From cftc.gov|5 hr agoThe Commodity Futures Trading Commission today filed a lawsuit against Kentucky to block the state’s efforts to shut down CFTC-registered contract markets using state laws. The ...
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From moneycheck.com|3 hr agoThe European Union has taken a significant step toward establishing an independent retail payment infrastructure following legislative progress on the Digital Euro proposal. ...
From youtube.com/cnbctelevision|2 hr 23 min agoCNBC's Matt Peterson reports on news regarding the Federal Reserve.
From @FirstSquawk|53 min agoBOJ’s Ueda, in remarks read by Deputy Governor Himino, said the economy is likely to see slower growth but maintain a gradual recovery. BOJ’s Ueda signaled further rate increases in response to the economy and inflation, while saying financial conditions remain easy. According to BOJ Governor Ueda, further rate hikes will be made as needed based on economic and price developments, while financial conditions stay accommodative. According to a speech delivered by Deputy Governor Himino on behalf of BOJ Governor Ueda, the timing and pace of future interest rate increases were addressed.
