Investment Learning

  • June 29, 2024

US District Court In Columbia Rejects SEC's Claim That BNB Secondary Sales Are Securities

According to PANews, the US District Court in the District of Columbia has dismissed the claim by the US Securities and Exchange Commission (SEC) that secondary sales of BNB are securities. The court's decision marks a significant development in the ongoing debate over the classification of digital assets. The SEC's claim was based on the assertion that BNB secondary sales fell under the category of securities, a classification that carries specific regulatory implications. However, the court rejected this claim, providing a potential precedent for future cases involving digital assets and their classification. This decision could have far-reaching implications for the digital asset industry, potentially influencing future regulatory decisions and the legal status of various digital assets. The court's decision is a significant development in the ongoing debate over the classification of digital assets.

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  • June 28, 2024

US Treasury Department Announces Cryptocurrency Tax System for 2025

According to Odaily, the US Treasury Department's Internal Revenue Service (IRS) has announced a cryptocurrency tax system for 2025. The system is designed to establish record-keeping rules for digital asset brokers. However, the rules related to Decentralized Finance (DeFi) and non-custodial wallets have been temporarily shelved. The agency believes that mainstream crypto platforms handling the 'vast majority' of transactions can no longer wait for rules, but other issues require more research and will establish corresponding rules 'later this year'.The newly released tax rules will take effect for transactions from 2025 and require brokers to closely monitor the cost basis of their clients' tokens from 2026. The new rules for cryptocurrency brokers require trading platforms, custodial wallet services, and digital asset exchange platforms to submit disclosures about client asset changes and earnings. These assets will also include stablecoins such as USDT and USDC and high-value Non-Fungible Tokens (NFTs) in very limited circumstances, although the IRS explicitly refuses to resolve the long-standing debate about whether tokens should be considered securities or commodities.Under the new rules, the IRS will not require reporting of most regular stablecoin sales and has set an annual threshold of $600 for NFT earnings, which needs to be reported only if it exceeds this threshold.

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  • June 28, 2024

US Securities and Exchange Commission Files Lawsuit Against Consensys, Developer of MetaMask Wallet

According to Odaily, the US Securities and Exchange Commission (SEC) has filed a lawsuit against Consensys, the company behind the development of the MetaMask wallet. The details surrounding the lawsuit are yet to be disclosed. Consensys is well-known in the digital currency industry for its development of the MetaMask wallet, a popular tool among cryptocurrency enthusiasts. The lawsuit by the SEC marks a significant development in the ongoing scrutiny of digital currency companies by regulatory bodies. Further information regarding the lawsuit and its potential implications for Consensys and the MetaMask wallet will be provided as it becomes available.

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  • June 28, 2024

US Inflation Rate Expectations for June Show a Slight Decrease

According to Odaily, the United States' inflation rate expectations for a one-year period in June have been predicted at 3%, a slight decrease from the previous value of 3.30%. Similarly, the inflation rate expectations for a five to ten-year period in June are also projected at 3%, down from the previous value of 3.10%. These figures indicate a marginal decline in inflation rate expectations, suggesting a potential stabilization in the economic climate. However, these are merely predictions and the actual inflation rates may vary based on various economic factors and market conditions. It is important for investors and economists to keep a close watch on these figures as they can significantly impact financial planning and investment strategies.

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  • June 28, 2024

The 3 Smartest Semiconductor Stocks to Buy With $500 Right Now

Semiconductors power many devices and appliances that we use every day. They form the bedrock for smartphones, computers, cars, refrigerators, and other essentials. Semiconductors have also been a reliable industry for investors seeking high returns. Many of the top corporations in the stock market are semiconductor firms or rely on the industry to generate higher revenue growth. If you want to see how well semiconductor stocks have performed over the years, the iShares Semiconductor ETF (NASDAQ

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  • June 28, 2024

X Payments Receives Money Transmitter License in 31 US States

According to Odaily, X Payments, a subsidiary of X, has been granted a Money Transmitter license in 31 states across the United States. The states where the license has been approved include Arizona, Arkansas, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Virginia, West Virginia, and Wyoming. This development marks a significant milestone for X Payments as it continues to expand its services across the country.

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