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The Biden-era rule looks to expand existing IRS reporting requirements to include decentralized exchanges and require brokers to disclose gross proceeds from crypto sales, including information regarding taxpayers involved in the transactions.
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The US Senate on March 4 passed a resolution to repeal a rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS) with a 70 to 27 vote.
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Campaign contributions also played a major role in the GOP’s shift toward pro-crypto policies, said the CEO, adding that it was a hard truth that financial contributions often dictate how much a particular constituency is heard by elected lawmakers.
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“Addresses associated with the Bybit exploit were identified and available to screen within just 30 minutes of the announcement, protecting customers without the need for them to conduct repetitive manual checks,” Elliptic said.
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In the second half of 2025, Collins plans on launching Pi Protocol on the Ethereum and Solana blockchains. The protocol will use smart contracts to mint the USP stablecoin in exchange for the yield-generating USI token. The stablecoin will be fully backed by bonds and other real-world assets, said Collins.
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https://warpcast.com/danathan048345/0x45c2b1fd
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https://warpcast.com/danathan048345/0xc36f57f0
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During a recent appearance on CBS’ Face The Nation, the host asked Hassett if his meetings with the Federal Reserve chairman were to influence interest rates. The White House adviser responded:
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Kevin Hassett, the director of the National Economic Council — a White House advisory board to President Trump — disclosed that he is now having “regular” meetings with Federal Reserve chairman Jerome Powell.
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In a Jan. 16 letter, Wyoming Senator Cynthia Lummis warned the FDIC that if the allegations of destroyed documents and obstructing the investigation were true, criminal referrals to the Department of Justice would follow.
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The FDIC added that it is reviewing the request for letters outside these parameters “as a separate FOIA request that it would review on an expedited basis.”
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The government agency says History Associates has no “reasonable basis” to believe that any letters outside this report and timeframe were covered under the original FOIA request.
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Binance, the world’s largest crypto exchange, was approved as a licensed broker-dealer in Brazil, the most populous country in Latin America.
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Binance has secured its 21st global regulatory authorization from Banco Central do Brasil (BCB), the central bank of Brazil, in a significant milestone for crypto adoption in Latin America.
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Today in crypto, Binance has secured its 21st global regulatory authorization in Brazil, a lucky memecoin trader profited over $3 million after buying $66 worth of a Pepe-Gladiator-themed memecoin in mid-December, and the community behind the memecoin Floki has allocated a portion of its funds to provide liquidity for its upcoming exchange-traded product (ETP).
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In a buyer-dominated market, buyers may need to pay sellers a fee (positive funding rate) to maintain their positions. On the other hand, in a seller-dominated market, sellers pay buyers (negative funding rate).
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Pseudonymous crypto trader Rekt Capital said in a Dec. 17 X post, “Bitcoin has only just begun its parabolic phase in the cycle.”
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“This indicates that Bitcoin’s upward trajectory is likely to continue, with significant room for further growth,” they added.
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“Analyzing the funding rate using a 30-day exponential moving average (EMA), there are no visible signs of late-cycle overheating,” CryptoQuant contributor Avocado onchain said in a Dec. 17 markets report.
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The Bitcoin funding rate signals that the market is not overly frothy and shows no signs of Bitcoin’s price peaking too early in the cycle, according to a crypto analyst.
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