US IRS: Staking Tokens Must Be Taxed
The IRS has declared that it considers tokens earned from crypto staking to be taxable and has rejected a lawsuit filed by investor Joshua Jarrett in Tennessee.
New York’s Regulator Approves Ripple’s RLUSD Stablecoin
Ripple Labs has received the green light from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin.
Bitmain Expands Production Line to US
Bitmain, a leading manufacturer of Bitcoin mining hardware, has announced the expansion of its production line to the United States.
Trump Appoints Former PayPal COO David Sacks as Crypto Adviser
David Sacks, former operating chief of PayPal and current podcast host, has been chosen by President-elect Donald Trump as his primary policy advisor for artificial intelligence and cryptocurrency.
CFTC Could Oversee Crypto in US
The potential move to give the Commodity Futures Trading Commission (CFTC) control over the cryptocurrency industry in the White House under the Donald Trump administration is being considered.
SEC Chairman Gary Gensler Announces He is Stepping Down
On November 21, the United States Securities and Exchange Commission (SEC) announced that Gary Gensler, will resign from his position as chair on January 20, 2025.
Crypto Industry is Pushing for Ambitious Crypto Policies
The crypto industry is advocating for bold policies to promote the widespread use of digital assets and strategizing on the most effective way to push for them.
