Congress weighs crypto tax overhaul
The House Ways and Means Committee has reviewed eight digital asset tax proposals as lawmakers seek to modernise tax rules for the cryptocurrency industry and reduce compliance burdens for users and businesses.
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The House Ways and Means Committee has reviewed eight digital asset tax proposals as lawmakers seek to modernise tax rules for the cryptocurrency industry and reduce compliance burdens for users and businesses.
Ben Cahill, non-resident senior associate for the Energy Security and Climate Change Program at CSIS, says even though the US and Iran were able to come to an agreement to halt the ongoing war and reopen the strait of Hormuz, energy markets "are not quite out of the woods yet", and there is still room for prices to run up even after the MOU is signed. He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade".
Millions of European crypto users could face service disruptions as the European Union’s Markets in Crypto-Assets (MiCA) transition period expires on July 1, 2026.
Anthropic has suspended worldwide access to its Mythos and Fable 5 artificial intelligence models after the Trump administration imposed export controls amid concerns that a China-linked group may have gained access to the company’s most advanced cybersecurity technology.
William Roebuck, Former US Ambassador to Bahrian and Executive Vice President at Arab Gulf States Institute, discusses his outlook for the agreement between US and Iran to halt the war. He says the conflict is "moving into a new stage" and that is towards a "diplomatic track". He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade".
Qian Wang, Chief APAC Economist at Vanguard Group, discusses the US and Iran agreement to a deal that will halt war and says while there is still significant uncertainty around how sustainable the current deal is, it could boost the outlook for the global economy. She speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade".
Ripple CEO Brad Garlinghouse has criticised JPMorgan CEO Jamie Dimon, accusing the banking executive of mischaracterising the proposed CLARITY Act as debate intensifies over the future of US crypto regulation.
Financial advisors overseeing more than $175 trillion in assets are showing growing interest in crypto sectors beyond Bitcoin, according to Bitwise Chief Investment Officer Matt Hougan.
Kevin Warsh will lead his first Federal Reserve policy meeting this week as investors assess whether the new chair will maintain a cautious stance on interest rates amid persistent inflation and political scrutiny.
Bitmine Immersion Technologies has approved a 9.50% annual dividend on its newly issued Series A perpetual preferred stock as the crypto miner expands its presence in traditional capital markets.
Elon Musk said SpaceX could generate approximately $1 trillion in annual revenue by 2030, setting a target that significantly exceeds forecasts from the investment banks that underwrote the company’s recent public listing.
The Digital Asset Market Clarity Act has been placed on the US Senate Legislative Calendar, with lawmakers racing to secure a floor vote before the 119th Congress concludes and the legislative process potentially resets.
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