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
Regulation
Ripple’s recent attempt to acquire a national bank charter signals more than just a regulatory move; it embodies a daring vision to redefine the stability and trust of digital currencies. This initiative places Ripple directly under federal oversight, positioning it at the forefront of a new era in stablecoin legitimacy. From a center-right perspective, such
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
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
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
In an audacious yet strategically sound maneuver, Texas has asserted its financial independence by establishing a legal framework to build its own Bitcoin reserve. With Governor Greg Abbott’s signing of Senate Bill 21, the Lone Star State is taking proactive steps to position itself as a leader in the cryptocurrency arena, paving the way for
As Ripple unveiled its ambitious four-point policy proposal in London, it became abundantly clear that the UK stands at a crossroads in the crypto arena. With a global shift in regulatory landscapes and a rapidly evolving financial ecosystem, Ripple’s declaration challenges the UK to seize a fleeting opportunity. Central to Ripple’s mission is the insistence
On June 18, the financial world witnessed an exhilarating moment as Circle’s stock (CRCL) surged by an impressive 34%, ultimately closing at $199.59. This meteoric rise, highlighted by a new high of $200.90, exemplified the volatile yet strategic nature of the cryptocurrency market. Just a mere two weeks prior, Circle had made its initial public
In a pivotal moment that could define the future of cryptocurrency regulation in the United States, Ripple Labs is poised to settle a lengthy legal battle with the U.S. Securities and Exchange Commission (SEC). Both parties have submitted a joint request to a federal judge seeking to dissolve a previously imposed injunction, as they adjust
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