The U.S. Senate voted to repeal a controversial tax rule targeting decentralized finance (DeFi) platforms with a final vote of 70-28. The rule, introduced under the Biden administration, required DeFi platforms to report crypto transactions to the IRS. This mirrored the obligations of traditional financial institutions. This decision marks an
Trump Media and Technology Group (TMTG) announced a partnership with Crypto.com crypto exchange to develop exchange-traded fund products. TMTG, the operator of the Truth Social platform, Truth+ streaming platform, and Truth. Fi FinTech Brand partnered with the crypto exchange platform, as per GlobalNewswire. The partnership between Crypto.com and Trum Media
As another week dawns in the crypto sector, modest bullish signs have sparked. Bitcoin, after intense bull-bear combat over the weekend, has shown a mild price increase to $86.9 in the past few hours. Meanwhile, with FED rates staying unchanged, the bulls are scourging for positive momentum. However, a recent
White House crypto and AI czar David Sacks recently met with Sheikh Tahnoon Bin Zayed Al Nahyan, the UAE’s national security adviser, to discuss AI, digital currencies, and investment opportunities. The meeting signals deeper collaboration between the U.S. and the UAE in emerging technologies. I explored with @davidsacks47 , the
The Trump administration yet another announcement that made headlines today. It unveiled plans to change the name of the existing agency USAID, U.S. Agency for International Development, to USIHA, U.S. International Humanitarian Assistance. The administration is also planning to bring the agency onto the blockchain for security, transparency, and accountability.
The Asian crypto community woke up to the news of Bitcoin briefly testing $87K in the morning hours of March 20. However, following this, the cryptocurrency receded to the $85K level. Despite this fallback, the overall market reflects the price surge, which resulted from Trump requesting the Fed to cut
Cryptocurrency markets do not operate in isolation. Political events shape the economy, regulations, and investor sentiment. Government decisions can trigger price surges or steep declines. Elections, regulations, monetary policies, and geopolitical tensions all influence market behavior. Elections and Cryptocurrency Volatility Elections introduce uncertainty. Investors react to policy proposals from candidates.
The global crypto market cap fell to $2.63 trillion, marking a 1.48% decline in the last 24 hours. The downturn follows persistent outflows from crypto investment products and concerns over President Donald Trump’s economic policies. The cryptocurrency market remains under pressure as investors react to Trump’s trade tariffs and budget
The total crypto market cap is down by 3.26% today following Donald Trump’s White House Crypto Summit. Bitcoin fell back to less than $90K despite the US administration moves towards establishing a Bitcoin strategic reserve. Meanwhile, altcoins have also plunged in value today. In particular, major altcoins Ether, XRP, SOL,
The White House has confirmed the creation of a Strategic Bitcoin Reserve, a move outlined in an executive order signed by President Donald Trump. This initiative comes just one day before the administration’s first-ever crypto summit. The order directs the Treasury Department to establish an office managing the reserve, which
