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Blockchain Association Urges Congress to Fix Crypto Tax Rules
The Blockchain Association, representing over 100 crypto companies, has urged the US Congress to overhaul outdated crypto tax rules. The group is pushing for bipartisan bills covering stablecoins, staking, mining, and everyday digital asset transactions.
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Bitwise Seeks SEC Protection for Token Status Filings
Bitwise has asked the SEC to create stronger protections for companies relying on token status filings. The proposal could bring more certainty to crypto markets, but it is not an adopted rule and does not guarantee token safety or investment returns.
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South Korea to Regulate Stablecoins as Payment Instruments
South Korea is moving to classify stablecoins as payment instruments under its foreign exchange law, a regulatory shift that could reshape how digital money is used and overseen in one of the world’s most active crypto markets.
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SoFi Earn: 4.4% Tokenized Deposit Explained
SoFi Earn combines a reported 4.4% yield, FDIC insurance and blockchain access through its SoFiUSD stablecoin. Learn how the product works and what investors should verify before depositing.
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Stablecoin Rewards Rule Sparks Banks vs. OCC Dispute
The ABA says the OCC is undermining Congress by declining to assess third-party stablecoin rewards. The dispute highlights growing pressure on banks as stablecoins become more competitive with traditional payment products.
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Coinbase Fined €3.25M Over Customer Money Safeguards
Ireland has fined Coinbase’s Irish e-money unit €3.25 million over long-running customer-money protection gaps and excessive reliance on its US parent. The penalty raises compliance concerns across Europe.
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Visa’s Reported $2.5 Billion Fireblocks Bid Explained
Visa is reportedly negotiating a $2.5 billion acquisition of Fireblocks, far below the company’s $8 billion valuation in 2022. The deal could strengthen Visa’s position in institutional crypto custody, stablecoins, and tokenization.
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Robinhood Gets Dubai License for 2027 Crypto Launch
Robinhood has secured a Dubai license for a planned 2027 crypto expansion across the Middle East. The approval could increase competition and adoption, but launch details and regulatory execution will determine its impact.