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Cryptoranking Index

@ronaldofanclub

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Only Donald Trump can save crypto from Joe Biden Joe Biden’s administration has done everything possible to destroy the crypto industry. That gives crypto advocates just one choice in the 2024 election. In the popular HBO series Game of Thrones, alliances were often short-lived and fluid. Many of the great houses changed alliances as their never-ending quest for power continued. Enter the United States’ 2024 presidential election. Cryptocurrency PACs are becoming a force in congressional elections, and retail crypto owners represent a substantial share of the voting electorate. Silicon Valley and other tech entrepreneurs have historically voted for progressives. However, President Biden’s administration has been openly hostile to tech generally and to crypto in particular. At the same time, some crypto advocates say that they can’t bring themselves to vote for former President Trump despite his recent and open embrace of crypto. Some question whether he will follow through on his rhetoric.
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Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions According to a report from Reuters, the Conference of State Bank Supervisors (CSBS) announced on Wednesday that as part of the agreement, Abra will cease offering cryptocurrencies for purchase and trading to its U.S. retail customers starting June 15. This action follows a series of enforcement activities directed at Abra by state regulators over the past year, pointing to a systemic wind-down of its services for U.S. retail clientele.
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US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador's Success U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s technological leadership. Lawmaker Proposes Bill to Allow Federal Income Taxes to Be Paid With Bitcoin U.S. Congressman Matt Gaetz (R-FL) announced on Tuesday that he has introduced legislation mandating the U.S. Secretary of the Treasury to establish a program enabling federal income taxes to be paid with bitcoin (BTC). The bill aims to “amend the Internal Revenue Code of 1986 to allow the payment of certain Federal taxes with bitcoin,” according to its text.
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