IRS extends comments period for new crypto tax rule to mid-November
The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in 2025.
The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in 2025.
Coinbase says the SEC’s definition of an investment contract isn’t in line with U.S. securities laws.
According to Reuters: Euroclear, one of the world's largest securities settlement houses, has announced its first settlement of a digital note for the World Bank. The bond, which was issued on the Luxembourg Stock Exchange, successfully raised 100 million euros ($106 million) to fund sustainable development activities. The Brussels-based settlement house reported that the event marked the introduction of its new digital securities issuance service. This service allows customers to issue, distribute, and settle fully digitalised international security using distributed ledger technology (DLT) or blockchain, the technology behind cryptocurrencies. This development reflects the latest move in traditional market infrastructure such as settlement houses into the digital realm as regulatory bodies become increasingly accepting of such technology. Euroclear's digital platform aligns with the European Union's rules for settlement systems and is connected to its core settlement system handling trillions of euros in securities worldwide. "Euroclear Group's CEO, Lieve Mostrey, stated, ""Today’s launch marks an important moment for our clients and for the potential of digital assets."" Citi bank's issuer services acted as the issuing and paying agent, TD Securities as the dealer, and Euroclear Bank as the issuer central securities depository. Anshula Kant, Managing Director and Chief Financial Officer at the World Bank Group, expressed satisfaction at the World Bank's involvement in the new service, especially remembering their previous issuance of the world's first blockchain bond in August 2018. The world of issuing and settling securities on the blockchain is still developing with various pilot programmes but no seamless market facilitating their connection yet. UK Finance reported that despite the growth in digital bond issuance in recent years, it accounted for less than 1% of the $20.6 trillion in long-term fixed income instruments issued in 2021.
Massachusetts Senator Elizabeth Warren is taking advantage of sensationalist claims related to Hamas’ use of crypto. Unfortunately, those claims are largely false.
The Minnesota congressman was one of only a few crypto proponents in Congress being considered as a possible speaker of the House by Republican lawmakers.
BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests.
It’s unclear if Emmer will have enough support to win in a full floor vote, but the lack of a speaker of the House has effectively halted all legislation since Oct. 3.
Lawyers representing the crypto exchange and its CEO claimed the CFTC was attempting to act as the “world’s derivatives police” in its lawsuit.
The Grayscale Bitcoin Trust is the largest asset held by the ARK Next Generation Internet ETF, accounting for more than 10% of its portfolio.
Marinade Finance holds over $265 million in total value locked, accounting for 70% of all funds locked on the Solana blockchain.