2025-3-27 14:00 |
U. S. Congress votes to repeal DeFi Broker Rule, awaiting Trump’s final approval. Critics warned that repeal might create tax loopholes; the crypto market reacted with mixed sentiment. origin »
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The US Senate has voted to repeal an IRS rule targeting decentralized finance (DeFi) platforms, with President Trump likely to sign the bill into law soon, marking a key moment for the crypto industry.
2025-3-27 08:24 | |
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The House and Senate voted to repeal the IRS DeFi Broker Rule. The repeal would reduce compliance burdens and boost innovation in decentralized finance. After S. J. Res. 3—a resolution to oveThe post U.
2025-3-13 01:00 | |
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A controversial tax rule proposed by the U. S. Internal Revenue Service, requiring decentralized finance brokers to report crypto transactions, could be overturned as lawmakers have pushed to repeal it.
2025-2-28 11:11 | |
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Key Takeaways: SEC cancels SAB 121, a rule that made custodied crypto liabilities of companies be recorded. The repeal was a success for the crypto industry and banks, which argued The post SEC Cancels Controversial Crypto Accounting Rule SAB 121 appeared first on CryptoNinjas.
2025-2-4 09:38 | |
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The repeal of SAB 121 may boost crypto adoption by reducing financial barriers for banks, potentially expanding digital asset services. The post SEC scraps SAB 121 rule, easing crypto custody accounting for banks appeared first on Crypto Briefing.
2025-1-24 07:41 | |
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Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of…
2024-9-25 01:31 | |
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US lawmaker Wiley Nickel has urged the Gary Gensler-led Securities and Exchange Commission (SEC) to repeal the Staff Accounting Bulletin 121 (SAB 121) before the impending Senate vote. SAB 121 requires financial institutions custodying crypto to hold these assets on their balance sheets.
2024-5-15 20:19 | |
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For years, Michael Saylor’s Strategy has been seen as either brilliantly bold or dangerously reckless for its heavy bet on Bitcoin [BTC]. Now, that bet is under serious pressure. Recent data fromThe post $40B erased in 4 months: Is Strategy’s Bitcoin bet backfiring? appeared first on AMBCrypto.
As the big caps keep breaking support and major unwinds hit, investors are rushing to hedge their risk. Historically, moves like this often push capital into altcoins as a safety valve against volatilThe post Ethereum at 3-year low against Bitcoin? – History says THIS comes next… appeared first on AMBCrypto.
Ahead of the April tax return filing deadline, it’s worth noting that Bitcoin mining and crypto staking still fall within the income tax bracket and face ‘burdensome’ double taxation. CurreThe post Crypto tax 2026: The loophole for staking rewards the IRS hasn't closed yet appeared first on AMBCrypto.
The White House has pressed the banking and crypto industries to reach a deal on stablecoin yields by the end of February to advance the crypto market structure bill. Following the meeting brokerThe post White House pushes banks and crypto industry for a stablecoin yield deal by February appeared first on AMBCrypto.
Bitcoin [BTC] is attempting a rebound after the weekend dip that sent shockwaves across the markets. Bitcoin rebounded toward the $77,000–$77,500 zone after a sharp weekend sell-off. The dip triggeThe post Bitcoin stabilizes below $80K - Is the worst over for BTC? appeared first on AMBCrypto.
The crypto market collapsed as the Fear & Greed Index plunged into extreme fear. Bitcoin [BTC] fell to $74,500 at press time, while the total market cap dropped to its lowest level since April 202The post Crypto plunges into 'extreme fear' - Is this the market bottom? appeared first on AMBCrypto.
For years, many Bitcoin investors have believed in the “four-year cycle,” a pattern of sharp rises followed by painful crashes. But ARK Invest CEO Cathie Wood says that pattern may no longer aThe post ‘We’re through the down cycle’ – Cathie Wood questions Bitcoin’s 4-year cycle appeared first on AMBCrypto.