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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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Coinbase CEO Brian Armstrong initially filed a Freedom of Information Act request to obtain letters sent by the FDIC in 2022 asking banks to pause crypto-related activities.
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The adviser added that long-term rates have already come down since the Trump administration took office, citing a 40 basis point reduction in 10-year Treasury rates as evidence that the market believes inflation is coming down.
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https://warpcast.com/danathan048345/0x45c2b1fd
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Lower interest rates are a bullish catalyst for cryptocurrencies and other risk-on asset classes, as access to cheap credit encourages market participants to borrow capital to purchase investments and businesses.
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https://warpcast.com/danathan048345/0xc36f57f0
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https://warpcast.com/b4823917/0x263fe0f1
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https://warpcast.com/b4823917/0xd2099b30
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https://warpcast.com/b4823917/0xd2099b30
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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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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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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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