Cryptocurrency trading giant Coinbase (COIN) said new U.S. tax reporting requirements are overly onerous for many crypto holders and add unnecessary clutter to the country’s taxation system. While the idea is that taxable activity on crypto should be reported in the same way as with… Read More
Revolut, the U.K. fintech giant that offers crypto trading, filed an application for a U.S. banking license with the Office of the Comptroller of the Currency (OCC), a key step in its push to expand in the American financial system. If approved, the license would… Read More
U.S. President Donald Trump said bankers are trying to undermine the GENIUS Act — the signature stablecoin legislation he signed into law last year — in a Truth Social post Tuesday, and he urged passage of Congress’ crypto market structure legislation without interference. “The U.S.… Read More
Bitcoin BTC$66,227.89 pulled back from Asian session highs alongside losses in the U.S. stock futures as Iran stepped up attacks in the Middle East, reportedly hitting an oil refinery in Saudi Arabia. The leading cryptocurrency fell back below $66,000 after hitting a high of nearly… Read More
Bitcoin neared $63,000 in Saturday trading after the U.S. and Israel launched military strikes on Iran, pushing the largest cryptocurrency down roughly 3% in a matter of hours and extending what had already been a difficult weekend for risk assets.The move brings bitcoin to its… Read More
Democrats in the U.S. Senate continue to pile onto Binance, asking the Treasury and Justice departments to investigate its sanctions compliance and protections against illicit finance following reports of potential terrorism funding. Nine senators, including a few that have been instrumental in negotiations over the… Read More
