Category: crypto

The U.S. Senate Banking Committee plans to vote in December 2025 on legislation to regulate the cryptocurrency market. The bill would designate Bitcoin and Ether as commodities, resolving a conflict between the SEC and CFTC. The legislation includes rules for exchanges on customer funds and disclosures, with bipartisan talks ongoing. President Trump is expected to…

Virtual Assets LLC and its founder, Firas Isa, have been indicted by U.S. authorities for money laundering charges related to fraud and narcotics proceeds. Isa allegedly used crypto ATMs to convert $10 million of illicit funds into cryptocurrency to disguise their origin. If convicted, they could face up to 20 years in prison.

New Hampshire has approved a $100 million Bitcoin-backed municipal bond, making it the first state in the U.S. to do so. The bond is backed by over-collateralized Bitcoin, with BitGo acting as custodian. The initiative aims to integrate digital assets into public finance and support innovation and business growth in the state.

U.S. regulators have removed cryptocurrency from their examination priorities for 2026, a change from previous years. The SEC is now focusing on broader topics like cybersecurity and anti-money laundering, with a lighter regulatory approach influenced by the White House’s pro-crypto stance. This shift comes amidst a changing global regulatory landscape for cryptocurrencies.

The White House is considering a proposal from the IRS to adopt the global tax standard known as CARF for digital assets. This would require U.S. taxpayers to report capital gains on foreign platforms more strictly and align with 72 other countries by 2028. The measure aims to combat offshore tax evasion.

Senator Todd Young is calling on the IRS to reconsider its 2023 tax guidelines for cryptocurrency rewards earned through staking. He has urged Treasury Secretary Scott Bessent to review the ruling, expressing concerns over taxpayer uncertainty and potential issues with revenue forecasting. The IRS recently proposed implementing the global Crypto-Asset Reporting Framework (CARF) tax standard,…

Kraken has raised $800 million in funding, with Citadel Securities making a $200 million strategic investment, increasing its valuation to $20 billion. The funding will support expansion into derivatives, global markets, and tokenized assets. The company plans to continue growing and expanding its financial services offerings globally.

Senators Elizabeth Warren and Jack Reed are calling for an investigation into World Liberty Financial, a crypto company linked to the Trump family, over alleged ties to high-risk foreign actors. The company is accused of selling tokens to wallets connected to North Korea, Russia, Iran, and Tornado Cash, raising concerns about national security and potential…

Multiple cryptocurrency wallets previously inactive due to the collapse of the Libra meme token have resumed operations to buy Solana using stablecoins during market downturns. The wallets, associated with the failed Libra project endorsed by Milei, are under scrutiny. Major investors bought large amounts of Solana, causing significant market movement.

Aave has launched a mobile savings app that allows users to convert euros and dollars into stablecoins that earn interest. The app aims to provide better returns than traditional savings accounts and U.S. Treasury bills. It leverages blockchain technology and offers up to $1 million in balance protection. The app simplifies DeFi access for users…