Regulation

Senator Cynthia Lummis’s latest legislation on cryptocurrency taxation is painted as a pragmatic solution by its proponents, but a close inspection reveals a misguided attempt to micromanage the burgeoning digital asset universe. While the bill aims to streamline tax reporting and carve out legal protections, its expansive definitions and sweeping provisions risk suffocating innovation under
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South Korea’s recent withdrawal from its state-led CBDC experiment underscores a critical shift in its financial modernization agenda. The Bank of Korea’s decision to suspend “Project Han River” reveals a stubborn unwillingness to recognize the fundamental flaws in overestimating the potential of digital currencies—whether state-issued or private. While the government initially envisioned a seamless integration
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American crypto investors and innovators have long faced an unnecessarily harsh tax environment that inhibits growth and undermines global competitiveness. The current tax code treats digital asset transactions with an almost Kafkaesque complexity—taxing miners and stakers twice: first as ordinary income when rewards are earned, then again as capital gains upon sale. This dual taxation
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It’s tempting to believe that governments worldwide are finally getting a grip on the wild frontier of virtual assets, but the recent FATF report brutally dismantles this notion. While 73% of jurisdictions have enacted laws targeting the notorious Travel Rule—a critical mechanism requiring transparency in cryptocurrency transfers—the actual enforcement remains largely symbolic. Nearly 60% of
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For too long, the U.S. Securities and Exchange Commission (SEC) operated under an aggressive regulatory cloud that suffocated innovation in the cryptocurrency space. Under former chair Gary Gensler, the agency pushed forth a slew of proposals—fourteen, to be precise—that threatened to widen its jurisdiction over digital assets, effectively stifling an industry that thrives on dynamism
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