A new legislative draft circulating in the U.S. House of Representatives proposes significant modifications to the Internal Revenue Code, aiming to ease tax burdens for everyday cryptocurrency users. The proposal, introduced by Representatives Max Miller of Ohio and Steven Horsford of Nevada, focuses on creating a capital gains tax exemption for small stablecoin payments and allowing deferred taxation for staking and mining rewards. This initiative seeks to align tax rules with the growing use of digital assets in routine consumer transactions, addressing long-standing industry complaints about compliance complexity.
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0 in Finance and 0 in Crypto last weekSenate Crypto Bill Advances Amid Regulatory Power Concerns
The U.S. Senate is poised to take a critical step toward establishing the nation’s first comprehensive crypto regulatory framework, with the Digital Asset Market Clarity Act scheduled for a January committee markup. While this marks significant legislative progress following bipartisan House approval, the advancement is clouded by deep Democratic concerns over presidential power and fears that the bill could centralize the industry, favoring established giants over innovative startups.
about Senate Crypto Bill Advances Amid Regulatory Power ConcernsDemocrats Fear Supreme Court May Undermine Crypto Bill Oversight
A landmark Supreme Court case could dismantle the independence of key financial regulators just as Congress prepares to grant them sweeping new powers over cryptocurrency markets. Senator Cory Booker, a lead Democratic negotiator on the Senate’s crypto market structure bill, warns that the potential for President Trump to fire commissioners at will threatens the bipartisan oversight essential for the legislation’s passage, creating a critical impasse that could derail the entire regulatory framework.
about Democrats Fear Supreme Court May Undermine Crypto Bill OversightCrypto Groups Urge Trump to Intervene in Tornado Cash Case
More than 65 cryptocurrency organizations are calling on President Trump to intervene in the legal case against Tornado Cash co-founder Roman Storm, whose future remains uncertain following one felony conviction and potential retrial on two additional charges. The advocacy groups, including the Solana Policy Institute, Blockchain Association, and DeFi Education Fund, are seeking regulatory clarity and protection for decentralized finance amid ongoing prosecution, highlighting the escalating tension between crypto innovation and regulatory enforcement in the United States.
about Crypto Groups Urge Trump to Intervene in Tornado Cash CaseVirtual Data Room Market to Hit $3.9B by 2031
The global virtual data room market is experiencing steady growth and is projected to reach US$ 3.93 billion by 2031, driven by increasing adoption of cloud storage and reduced reliance on physical documentation. These secure online repositories are becoming essential tools for businesses handling confidential information during complex transactions and collaborations, offering enhanced security features and operational efficiencies that are transforming how organizations manage sensitive data.
about Virtual Data Room Market to Hit $3.9B by 2031FDIC Moves Toward Crypto Banking & Stablecoin Rules
The FDIC is preparing to clarify how deposit insurance applies to blockchain-based banking products and establish a framework for stablecoin issuance. Acting Chair Travis Hill announced the agency’s push for formal guidance amid growing confusion about digital asset protections. This regulatory clarity could reshape how traditional banking safeguards intersect with emerging financial technologies.
about FDIC Moves Toward Crypto Banking & Stablecoin RulesBanks vs Crypto: Lobbying Battle Over Digital Asset Interest
A high-stakes lobbying war is unfolding in Washington as traditional banks clash with the cryptocurrency industry over regulatory boundaries. The conflict centers on whether crypto exchanges should be permitted to offer interest-like payments on digital assets. With trillions of dollars potentially at stake, both sides are intensifying their efforts to influence upcoming legislation that could fundamentally reshape the financial landscape.
about Banks vs Crypto: Lobbying Battle Over Digital Asset InterestUS Republicans Propose Crypto Regulatory Overhaul Bill
House Republicans have unveiled a comprehensive draft bill that would fundamentally reshape how digital assets are regulated in the United States. The proposal establishes clear jurisdictional lines between the CFTC and SEC based on whether crypto assets are decentralized or centralized. This legislative effort aims to provide regulatory clarity while maintaining consumer protections in the rapidly evolving crypto market.
about US Republicans Propose Crypto Regulatory Overhaul BillLummis Urges CFPB to Finalize Open Banking Rule for Crypto
U.S. Senator Cynthia Lummis is intensifying pressure on the Consumer Financial Protection Bureau to finalize its open banking rule, warning that major financial institutions are weaponizing their gatekeeping power to restrict American access to digital asset platforms. The rule, finalized in October 2024 but now under reconsideration, would enable consumers to securely share financial data with third-party applications through APIs—creating critical infrastructure for connecting traditional bank accounts to crypto exchanges. This regulatory battle pits pro-crypto lawmakers and fintech advocates against banking industry groups who immediately sued to block the rule, creating a legal standoff that could determine the future of financial innovation in the United States.
about Lummis Urges CFPB to Finalize Open Banking Rule for CryptoCrypto Groups Push CFPB for Strong Open Banking Rule
Leading crypto advocacy groups have joined forces with fintech organizations to pressure the Consumer Financial Protection Bureau for stronger consumer data protections. The coalition wants the CFPB to finalize rules ensuring consumers control their financial information. This push comes as the agency reviews data sharing regulations under the Dodd-Frank Act.
about Crypto Groups Push CFPB for Strong Open Banking RuleSEC Plans Innovation Exemption for Crypto Projects
The U.S. Securities and Exchange Commission is accelerating plans to formalize an ‘innovation exemption’ that would streamline compliance for crypto projects and foster technological advancement. SEC Chair Paul Atkins announced the framework could be implemented by late 2025 or early 2026, marking a significant departure from the agency’s previous regulatory approach and signaling a new era of support for digital asset innovation within American borders.
about SEC Plans Innovation Exemption for Crypto ProjectsIoTeX Launches Decentralized AI Foundry to Challenge Big Tech
Decentralized identity protocol IoTeX has launched the Real-World AI Foundry, a blockchain-powered initiative that represents a fundamental challenge to traditional artificial intelligence systems. Unveiled at the R3al World AI Summit during Singapore’s Token2049 conference, the project brings together major partners including Vodafone, Filecoin, and Theta Network to create open, decentralized AI that rewards users for contributing live data from machines, people, and sensors.
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