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nnyrev5

@nnyrev5

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nnyrev5
@nnyrev5
ITAP Rain is coming soon.
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nnyrev5
@nnyrev5
🚀 Building on @base with the finest! Stay based, keep shipping, and let’s redefine the chain.
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@nnyrev5
The Senate voted 70 to 27 on March 4 to approve a motion to repeal the rule that would 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 has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS).
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“Cryptocurrencies are tradable around the world, more regulated in some parts of the world, and less to not regulated in other parts of the world,” DekaBank’s digital asset executive Andreas Sack told Cointelegraph at the time, pointing to potential risks arising from regulatory disparities.
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Quintenz previously led the agency from 2017 to 2021 under the first Trump administration after being nominated by former US President Barack Obama in 2016.
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As of Feb. 21, Bitcoin dominance stands at 58%, up from lows of 51.5% in December, according to data from CoinStats. This figure typically reverses during the altseason
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He reportedly said, “I have been excited about the president’s embrace of crypto and I think it fits very well with the Republican Party, crypto is about freedom, and the crypto economy is here to stay.”
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In commuting Ulbricht’s life sentence, which he had been serving since 2015, Trump fulfilled a campaign promise to free him immediately upon entering office.
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thanene08
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Following the 52–45 vote, Lutnick immediately stepped down from his role as CEO of financial services firm Cantor Fitzgerald. While his firm holds a stake in crypto stablecoin issuer Tether, Lutnick has said that he’d sell his shares in business and other private investments within 90 days.
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@thanene08
It’s been a remarkably eventful first month for the sitting US president. Though his first day in office didn’t include crypto, he’s made up for it in spades in the days that followed.
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Trump’s pro-crypto nominees, many of whom have already been appointed, are expected to usher in friendly policies that will solidify the industry’s growth potential in the coming years.
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jolmaj67
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“We want to make ICOs great again,” WLF co-founder Zak Folkman said during a panel with Tron founder Justin Sun at the Consensus Hong Kong conference on Feb. 19.
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Vinnik pleaded guilty to money laundering conspiracy charges in May 2024, in which he had illegally moved funds through crypto exchange BTC-e.
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Initial coin offerings (ICO) could get a second chance to succeed, according to the co-founder of the Trump family’s cryptocurrency venture, World Liberty Financial (WLF).
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The markets reacted violently, with some tech stocks setting new records in single-day losses on Wall Street.
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On Feb. 3, Trump fired Rohit Chopra, the head of the Consumer Financial Protection Bureau (CFPB). The CFPB oversees the financial sector and has jurisdiction over banks, securities firms and payday lenders, in addition to other for-profit institutions.
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Uyeda has criticized the SEC’s enforcement under Gensler, saying it “neither facilitates capital formation nor protects investors.”
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On Jan. 23, Trump established an “internal working group to make America the world capital in crypto” through an executive order. The group is tasked with studying the feasibility of a national crypto reserve and making a crypto regulatory framework. It also bans the creation of a central bank digital currency.
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Commenting on VC participation in projects like Trump’s WLF, Folkman said many VCs ignored WLF, forcing the platform to take an anti-VC approach.
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