Crypto community reacts to Biden’s proposed crypto tax reporting rules
Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States.
Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States.
JPMorgan’s analysts consider Bitcoin’s declining open interest a sign that the current price trend may weaken.
John Deaton points out that testimony from former SEC officials Bill Hinman and Jay Clayton during the SEC vs. Ripple Labs case would have categorized XRP as a non-security early on.
The founder of dYdX argued that early-stage crypto projects could scale faster by not serving U.S. customers, as they won’t have to deal with the hassles of the U.S. regulatory climate.
The U.S. Justice Department has produced “millions of pages of documents” related to SBF’s criminal case, which his lawyers claimed was too much to access from jail before trial.
The individual, whose Worldcoin employment could not be independently verified, claimed they witnessed “sloppy and/or illegal things” while working there prior to the token launch.
The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks.
The judge also declined to declare the CEL token “not a security,” despite related rulings in the SEC v. Ripple case.
House Financial Service Committee Chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.”
The Singapore-based crypto exchange has been in ongoing bankruptcy proceedings since August 2022.