The Digital Chamber has filed a lawsuit to block Illinois’ upcoming crypto tax. The industry advocacy group argues that the tax unlawfully targets blockchain transactions for discriminatory reasons. Illinois Faces Legal Challenge Over Crypto Tax Law Illinois’ Digital Asset Tax Act (DATA), scheduled to take effect on January 1, 2027, imposes a 0.02% levy on […]
The US Securities and Exchange Commission (SEC) has launched its 2026 Regulatory Agenda. Meant to ease compliance rules for crypto companies and offer regulatory safeguards for transactions on the blockchain, the agenda includes 38 proposed rules, with key initiatives focusing on tokenization standards, modernization of custody for on-chain assets, and reduction of compliance costs for […]
Ripple’s Chief Legal Officer Stuart Alderoty has criticized Politico over its interpretation of a recent opinion poll, where the publication framed support for crypto legislation as “only 27%,” arguing that the figure actually represents 67 million American adults who already own digital assets. According to him, that same percentage cited as a sign of weak […]
The old saying – sell in May and go away – proved to be right once again for the cryptocurrency markets. It was just six weeks ago when bitcoin had evidently reclaimed the $80,000 level and even surged to a multi-month peak at almost $83,000. The sentiment was gradually improving and there were even calls […]
Over 160 former national security, intelligence, and law enforcement officials are pushing the U.S. Senate to advance the CLARITY Act, arguing that it would strengthen efforts to combat illicit finance in the crypto space. The appeal was made in a letter addressed to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer and was […]
After a few days of highlighting threats that a peace deal might not be reached soon, which increased the selling pressure on the crypto market, US President Donald Trump announced the opposite hours ago. The effects were immediate as bitcoin erased almost all Friday and Saturday losses, jumping to $77,000. Peace Deal Coming Soon? CryptoPotato […]
Bitcoin traded above $82,000 during the previous business week, but it was violently rejected and dropped by over seven grand in the following days to a monthly low of $75,000 marked during the night. Here are some of the possible reasons behind this correction. Trump Media, Cuban Sell Off CryptoPotato reported yesterday that one of […]
The overall bearish trend that began following the rejection at $82,000 on Thursday evening worsened in the past 12 hours when another leg down drove BTC to a fresh multi-week low of $76,650 (on Bitstamp). The most evident reason for this was the new set of threats from US President Donald Trump toward Iran. Even […]
A few days ago, the Digital Asset Market Clarity Act (CLARITY Act) made some progress in the Senate. The bill has advanced out of the Senate Banking Committee despite strong opposition from some lawmakers and bankers. Following Senate Banking Committee approval, multiple executives are discussing what the move means for the crypto industry. They have […]
Crypto markets are tanking and have wiped out almost three weeks of gains, with losses accelerating over the weekend. The week ahead has some key consumer sentiment reports amid rising US inflation and a number of Federal Reserve speeches under new leadership. Meanwhile, the war in Iran will mark its 80th day on Tuesday, and signs […]