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The business intelligence firm and Bitcoin treasury company rebranded to Strategy and adopted a Bitcoin-themed visual marketing scheme on Feb. 5.
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Other states holding Strategy stock in their public funds include Arizona, Colorado, Illinois, Louisiana, Maryland, Texas and Utah, according to Fahrer.
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“Masses showed up and voted for more economic freedom in 2024 when they elected Donald Trump,” Coinbase CEO Brian Armstrong wrote in a Jan. 17 post.
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Supporters, including MicroStrategy CEO Michael Saylor, Tether and other major institutional players, have praised this idea, advocating for the US and other countries to accumulate Bitcoin as a means to stave off inflation.
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But crypto markets are trading on the expectation that the US will unload massive purchases going forward, Epstein said. During the campaign, Trump floated the idea of building a strategic Bitcoin reserve for the country, akin to El Salvador’s initiative in recent years.
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The US is already the largest sovereign holder of Bitcoin, mostly due to judicial seizures. According to data from Bitbo, the country holds over 200,000 Bitcoin in custody — equivalent to nearly $22 billion.
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https://warpcast.com/jolineme9t/0xde9515fa
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“The PBC is a structure⁠ used⁠ by many⁠ others⁠ that requires the company to balance shareholder interests, stakeholder interests, and a public benefit interest in its decisionmaking,” OpenAI said in the post, adding:
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OpenAI is considering converting its for-profit division into a Delaware Public Benefit Corporation (PBC), a legal structure for private enterprises producing public goods, according to a Dec. 27 blog post.
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The ChatGPT maker has faced fierce pushback, including lawsuits, for a 2019 decision to create a for-profit business unit to operate alongside its original nonprofit foundation.
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OpenAI is mulling a corporate restructuring designed to help coordinate the artificial intelligence developer’s nonprofit and for-profit arms, OpenAI said.
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The new rules will begin to apply to digital asset sales starting in 2027. Brokers will need to begin collecting and reporting the necessary data for digital asset transactions starting in 2026. According to the IRS, there are between 650 and 875 estimated DeFi brokers that will be affected by these final regulations.
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Under the new rules, if a DeFi platform is involved in facilitating the exchange or sale of digital assets — even through smart contracts — and it exercises sufficient control or influence over the transaction process, it could meet the definition of a broker.
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The 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 reporting requirements apply to front-end platforms that facilitate transactions involving digital assets for customers, such as decentralized exchanges.
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The document does not directly apply to all decentralized finance (DeFi) applications and their level of decentralization, focusing on front-ends as a source of information and tax disclosure.
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The final regulation says, “The only DeFi participants that are treated as brokers [...] are trading front-end service providers.”
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NERC is calling for proactive measures to address the increasing strain on North America’s energy grid, suggesting improved demand forecasting, advanced transmission planning and expanded demand-side management (DSM) programs.
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Sudden load changes in the crypto mining and AI industries potentially mimic issues seen with inverter-based resources, like disconnections during faults or price spikes, and introduce new risks for grid operators managing variable renewable energy resources.
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In Texas, where crypto mining and AI hubs are concentrated, the Electric Reliability Council of Texas (ERCOT) reports increasing risks associated with contracted and non-contract energy loads.
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