The Senate voted 70-28 on Wednesday in support of a resolution to knock down a Biden-era rule previously pushed by the IRS that …
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controversial
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Solana has removed its “America is Back—Time to Accelerate” ad, following intense criticism from the crypto community on X, with labels such …
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Regulation
US Senate Votes to Overturn Controversial Crypto Tax Reporting Rule
by shayaanby shayaanOn Wednesday, the U.S. Senate passed a resolution to overturn an Internal Revenue Service rule requiring brokers to report gross proceeds from …
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The U.S. Securities and Exchange Commission published a new Staff Accounting Bulletin Thursday withdrawing its controversial SAB 121. SAB 121 directed banks …
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Regulation
Texas Judge Tosses SEC’s Controversial ‘Dealer Rule’ After Lawsuit From Crypto Groups
by shayaanby shayaanA Texas judge tossed the Securities and Exchange Commission’s (SEC) controversial “dealer rule,” handing crypto stakeholders a regulatory victory. Earlier this year, …
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A federal court has struck down the Securities and Exchange Commission’s (SEC) controversial dealer rule, delivering a major setback to the agency’s …
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Finance
BIS cuts ties with controversial CBDC project mBridge, citing project maturity
by shayaanby shayaanThe Bank for International Settlements (BIS) announced its departure from Project mBridge, a central bank digital currency (CBDC) initiative developed in partnership …