U.S. Senator Cynthia Lummis has introduced a cryptocurrency tax legislation proposal aimed at enacting a comprehensive digital asset tax framework in the United States. Lummis, who leads the Senate Banking Committee’s digital assets subcommittee, unveiled the crypto tax proposal on July 3, 2025, a day after it failed to make into the One Big Beautiful … Read more
Donald Trump is doubling down on crypto. Fresh off a string of public endorsements, the president is now praising the Senate’s stablecoin bill as a turning point that could flood the market with trillions in new investment. His comments come just as Bitcoin hovers above $110,000 and mainstream interest keeps climbing. Stablecoin Clarity Could Unlock … Read more
Ritchie Torres is preparing to introduce new legislation that would prohibit the creation and sale of meme coins and stablecoins that exploit the likenesses of U.S. political figures. The bill, titled the “Stop Presidential Profiteering from Digital Assets Act,” aims to curb what Torres calls a growing trend of “digital asset profiteering” by leveraging the … Read more
In the latest Africa crypto news, the Kenya new virtual assets bill is before Parliament as the country seeks to regulate crypto. Meanwhile, Nigeria postponed the Binance tax lawsuit until the end of April. The government wants the exchange to pay $2 billion in tax it claims was not paid. Meanwhile, the Bitcoin Africa Conference … Read more
What Was the IRS DeFi Broker Rule? This rule required decentralized finance (DeFi) platforms to report their users’ transactions to the IRS. It also attempted to redefine who constitutes a “broker” in DeFi, which included a number of software developers and participants in protocols. The rule caused concern regarding privacy, innovation, and regulatory burden. Many … Read more
Utah has advanced its Bitcoin reserve bill to the next stage of legislation, with a second and third reading in the Senate pending before a final vote. As per the latest update, Utah’s Senate Revenue and Taxation Committee has passed the Blockchain and Digital Innovation Amendments bill (House Bill 230), bringing the state closer to … Read more