Saturday , March 1 2025
Home / Tag Archives: News (page 87)

Tag Archives: News

Kraken Co-Founder Jesse Powell Donates $1 Million to Trump Campaign

Jesse Powell, the Kraken co-founder, has pledged $1 million in mostly Ether to Trump’s presidential campaign. His donation symbolizes the growing support Trump witnesses from the crypto community in the US thanks to his endorsement of the digital asset industry and promise to make it easier for crypto companies to operate. “I just personally donated $1m (mostly #ETH) to @realDonaldTrump,” said Powell in an X post. He iterated how the democrats and the SEC under democratic leadership prevent...

Read More »

IRS Issues Crypto Broker Regulations

The US Internal Revenue Service (IRS) has issued its final draft of rules for crypto brokers to report income, offering clarifications on the scope of industry participants required to follow the regulations. Decentralized protocols and self-managed crypto wallets are not included. However, stablecoins and real-world assets (RWAs) will fall under the reporting standards. IRS commissioner Danny Werfel stated, “We reviewed thousands of public comments and believe this new guidance addresses...

Read More »

Court Dismisses SEC’s Charges Against BNB Token’s Secondary Market Dealings but Allows Multiple Others to Proceed

A US court has permitted several charges brought by the SEC against Binance to proceed, barring BNB’s selling on secondary markets, Binance’s sale of its BUSD stablecoin, and the exchange’s ‘Simple Earn’ program. Judge Amy Berman Jackson dismissed charges against entities selling BNB on secondary markets based on Judge Analisa Torres dismissing the SEC’s case against Ripple. Eleanor Terret, Fox Business reporter, mentioned on X, “You can fully expect @coinbase, @krakenfx and @Consensys...

Read More »