The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to an ongoing lawsuit, the service argues that the rewards generated through staking do not constitute new property and should […]
Vanguard, the second-largest ETF provider, has tripled down on its rejection of bitcoin and the crypto asset class, declaring that the merits of these digital assets are “weak” and based on speculation. Vanguard Belittles Bitcoin Yet Again: Might Make Investors Lose Money Even with the recent hike in price and interest for bitcoin and the […]
In a heated debate for the Massachusetts Senate seat, Elizabeth Warren and John Deaton clashed on the future of cryptocurrency, focusing on bitcoin’s role in banking and its regulation. The conversation highlighted stark contrasts in their views on financial stability and consumer protection. Warren vs. Deaton: Senate Candidates Clash Over Views on Crypto John Deaton, […]
A Consensys and Harrisx study found that nearly half of U.S. voters support pro-crypto policies and are willing to cross party lines for pro-crypto candidates. The study revealed that 85% of respondents want presidential candidates to take a pro-crypto position, indicating significant voter interest in the issue. Voters Demand Pro-Crypto Candidates A Consensys and Harrisx […]
Goldman Sachs CEO David Solomon clarified his stance on bitcoin during a CNBC interview, where his prior skepticism and the recent political focus on bitcoin were discussed. Although he acknowledged bitcoin’s volatility and speculative nature, Solomon stated he had “never been on the other side as to whether or not bitcoin would be something that’s […]