Author: Coin

IRS DeFi Rule Gets Axed—A Major Win For Crypto?
News

IRS DeFi Rule Gets Axed—A Major Win For Crypto?

Decentralized finance (DeFi) protocols might no longer report to American tax authorities after the US Senate repealed the IRS “broker” rule. Many analysts believe that US President Donald Trump will issue a resolution in the upcoming weeks adopting the Senate’s legislative action and overturning the Biden-era policy on DeFi protocols. Related Reading: Crypto Influencer ‘BitBoy’ […]
Sam Bankman-Fried Transferred To Oklahoma Prison After Defying Interview Rules
News

Sam Bankman-Fried Transferred To Oklahoma Prison After Defying Interview Rules

Sam Bankman-Fried, currently serving a 25-year prison term, has a new home after completing an unauthorized interview with Tucker Carlson. Before the interview, SBF was housed at the Metropolitan Detention in Brooklyn, where the March 25th remote interview was conducted. The Brooklyn facility was famous for holding high-powered personalities, including R. Kelly, Sean ‘Diddy’ Combs, […]
Europe’s Insurance Regulator Wants 100% Crypto Asset Coverage — Here’s What It Means
News

Europe’s Insurance Regulator Wants 100% Crypto Asset Coverage — Here’s What It Means

The European Insurance and Occupational Pensions Authority (EIOPA) has proposed a new regulation requiring insurers to maintain capital equivalent to the full value of their cryptocurrency holdings. The recommendation, included in a technical advice report to the European Commission on March 27, reflects a growing concern over the volatility and risks associated with digital assets. […]
South Carolina Drops Staking Lawsuit Against Coinbase, CLO Expects Remaining States To Follow
News

South Carolina Drops Staking Lawsuit Against Coinbase, CLO Expects Remaining States To Follow

South Carolina dismissed its lawsuit against crypto exchange Coinbase, becoming the second state to drop its staking-related case after the US watchdog’s shift toward the industry. The exchange’s Chief Legal Officer (CLO) called the development a “victory” for crypto investors. Related Reading: DeFi Lending Protocol Partners With Credora Network To Bring Risk Ratings To The […]