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@gillian4bon

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Argentine lawyers have reportedly filed charges against Argentina’s president, Javier Milei, in a criminal court for promoting a cryptocurrency that briefly pumped and then tanked over the weekend.
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MSTR stock has gained 16.5% since the beginning of 2025 and has risen a whopping 383% since the same time in 2024, outperforming the broader crypto market, which has only made 62% over the past 12 months.
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“If crypto is going to define the future, I want (it) to be mined, minted and made in the USA,” he said last year. “America should build the future, not block it.”
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Trump has shown a renewed interest in cryptocurrencies during his 2024 presidential campaign, highlighting the sector as a priority for his second term. He has also hinted at the possibility of introducing US regulations to provide clarity for the industry.
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According to Epstein, a large-scale purchase of crypto by any level of the US government has already been priced in and could revert if expectations are not met. “I have a hard time seeing markets moving higher unless some sort of state-level plan actually begins,” he said. “And I would expect this to be led by the Treasury.”
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While such a move would certainly bode well for Bitcoin, it remains unclear so far whether Trump will eventually pull the trigger.
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Set to take effect in 2027, the rules mandate that brokers disclose gross proceeds from sales of cryptocurrencies and other digital assets, including information regarding taxpayers involved in the transactions.
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The United States Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, expanding existing reporting requirements to include front-end platforms, such as decentralized exchanges.
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According to the IRS, the new regulations are expected to affect as many as 2.6 million taxpayers.
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Advocacy group Blockchain Association called the rule “a final attempt” to send the US crypto industry offshore. A statement by the group’s CEO, Kristin Smith, said:
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Fuller explained that two specific groups are specifically excluded from the definition: validation services and wallet software providers.
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According to Miles Fuller, director of government solutions at TaxBit, the definition covers any provider that knows “or is in a position to know whether the nature of the transaction involved gives rise to reportable gross proceeds from the sale of digital assets.”
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Miles Jennings, general counsel of a16z Crypto, claimed the rule represents “a fantastical expansion of the words “effectuate transactions” to enable the IRS to ban DeFi.”
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The DeFi broker definition encompasses platforms performing intermediary functions in facilitating transactions, including a group of persons facilitating transactions “whether or not the group operates through a legal entity.”
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The CRA, or Congressional Review Act, allows Congress to review and potentially disapprove of regulations issued by agencies like the IRS.
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For Alexander Grieve, vice-president of government affairs at venture firm Paradigm, “the new pro-crypto Congress can, and should, roll these back via the CRA process next year,” he said on X.
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A warm Farcaster welcome to @darcyon3!
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A warm Farcaster welcome to @arnoldph85!
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A warm Farcaster welcome to @ellaar8aim!
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A warm Farcaster welcome to @danaver94!
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