Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loophole
Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loopholeWarren's urgent call for safeguarding billions in tax revenue hinges on immediate crypto tax regulation.
Happy Thursday!The global crypto market cap is $1.17 trillion, with a 24-hour volume of $30.96 billion. The price of Bitcoin is $29,255.47, and BTC market dominance is 48.7%. The price of Ethereum is $1,843.38, and ETH market dominance is 19.0%. The best-performing sector is DuckSTARTER, which gained 14%. The Crypto Fear & Greed Index is currently Neutral (52). Top News
Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loopholeWarren's urgent call for safeguarding billions in tax revenue hinges on immediate crypto tax regulation. Ripple accuses SEC of weaponizing the company’s quarterly reports in courtRipple stated that its total XRP holdings increased by about 45 million during the second quarter. KuCoin suspends Bitcoin, Litecoin mining amid shifting strategy and layoff rumorsThe news comes less than a week after KuCoin denied any alleged layoff plans. Latest Insights
More NewsSpace and Time launches Proof-of-SQL for blockchain and AI data verificationThe product can be used to verify that queried data is accurate and unmodified. Asset managers’ interests pivot to Ethereum futures ETFsThe applications are coming in less than two months after the financial regulator received a slew of spot Bitcoin (BTC) ETF applications from several traditional financial institutions, including BlackRock. Push Protocol updates app with new social features, including live “Spaces” featureUsers can now access a Twitter Spaces competitor and new staking pools. Australia ASIC sues eToro alleging lax oversight of crypto derivatives, causing consumer lossesFinancial watchdog ASIC clamps down on eToro over broad CFD target markets Inside stablecoin supply dynamics as TUSD shakes up the marketExploring the significant shift in supply growth in the top 5 largest stablecoins by market cap.
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