Representative Maxine Waters has formally requested House Financial Services Committee Chairman French Hill schedule an oversight listening to with SEC Chairman Paul Atkins, citing the company’s dismissal of main crypto enforcement actions and what she describes as unprecedented politicization underneath the Trump administration. Waters despatched the detailed letter on Sunday, marking her most forceful push…
South Korea is making ready to tighten oversight of cryptocurrency transfers beneath 1 million received, closing a niche that regulators say has more and more been used to transfer illicit funds with out triggering identification checks. The transfer would expand the country’s so-called travel rule, which at the moment applies primarily to bigger transactions. South…
Japan just lately launched its 2026 tax reform blueprint, implementing a major crypto tax discount to a flat 20%. Crypto asset good points within the nation are presently topic to up to a 55% taxation, discouraging home buying and selling. The proposed tax change, supported by the federal government, would place crypto income in the…
As the ultimate regulatory roundup of 2025 this week’s developments captured a inflection level for US crypto coverage displaying a shift away from ad-hoc enforcement and towards extra structural debates round taxation, banking entry and investor safety. From renewed strain on the IRS over staking taxes to the Federal Reserve exploring new account fashions for…
Hong Kong is transferring forward with a significant growth of its crypto regulatory framework after regulators concluded consultations on new licensing regimes for digital asset sellers and custodians, tightening oversight throughout a wider a part of the digital asset market. The Financial Services and the Treasury Bureau and the Securities and Futures Commission said on…
Internet customers in the Philippines started shedding entry to main international cryptocurrency exchanges this week after native web service suppliers moved to dam dozens of on-line buying and selling platforms following orders from regulators. Among the platforms affected have been Coinbase and Gemini, two of the biggest U.S.-based crypto exchanges, which customers reported grew to…
Koinly, a well-liked cryptocurrency tax optimization software program utility, has warned customers of a attainable knowledge breach of electronic mail addresses within the aftermath of a safety breach by a third-party service supplier. The firm reported that the issue was not by its programs, and it insisted that delicate monetary and tax-related data is protected….
Arizona lawmakers are weighing a brand new try to carve out a extra permissive tax setting for digital belongings, as a trio of proposals introduced by State Senator Wendy Rogers pushes to restrict how cryptocurrencies and blockchain infrastructure will be taxed on the state and native stage. The effort facilities on two payments and a…
The Bank of Russia has set out a timeline that might convey Russia’s fragmented cryptocurrency guidelines beneath a single, enforceable framework by mid-2026, whereas making ready new penalties for unlawful market exercise from 2027. The proposal, published on December 23, marks one of the clearest indicators but that the central financial institution is shifting from…
Wyoming Representative Harriet Hageman has stirred early hypothesis a couple of attainable 2026 Senate run after posting a quick, cryptic video simply days after Senator Cynthia Lummis confirmed she will not seek reelection. The five-second clip, shared on X, marked Hageman’s first put up in months and shortly drew attention in political and crypto coverage…