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The United States Senate will vote this week on a resolution seeking to overturn the Internal Revenue Service’s crypto reporting rule, which industry players argue threatens the decentralized finance sector. Reports that U.S. senators were looking to overturn the IRS rule emerged at the end of February. In addition to the IRS crypto rule, lawmakers … Read more
A controversial tax rule proposed by the U.S. Internal Revenue Service, requiring decentralized finance brokers to report crypto transactions, could be overturned as lawmakers have pushed to repeal it. On Feb. 26, U.S. House Representatives advanced a resolution to scrap the rule, with the House Ways and Means Committee voting 26-16 in favor of the … Read more
Key Takeaways The SEC will decide on the Grayscale XRP ETF by October 18, 2025, after a 240-day review process. The ETF conversion faces hurdles due to XRP’s legal status and the SEC’s cautious approach to altcoin ETFs. Share this article The Securities and Exchange Commission will decide on Grayscale’s proposed XRP ETF by October … Read more
Promoter Eddie Hearn believes the reason Floyd Schofield didn’t attend today’s Grand Arrivals in Riyadh for his fight against WBC lightweight champion Shakur Stevenson on Saturday is that he’s training so he can make the BBB of C’s check-weight on Wednesday. (Credit: Mark Robinson/Matchroom) Hearn says the British Boxing Board of Control operates the events … Read more
Diversity standards at Goldman and Nasdaq were powerful—but are now gone. Read More
The petition comes as some bank workers push to form a union. Read More
DOGE was sued on the grounds that Musk’s team was composed of “political appointees” and not “civil servants” specially trained to protect sensitive information like Social Security numbers. Read More
Macaulay Culkin and Brenda Song Olivia Wong/Getty Images Macaulay Culkin and his long-term love Brenda Song are one of the most casually adorable star couples around — married or not. In a joint interview for Cosmopolitan’s Love Issue, Culkin joked, “Do you not want to marry me?” as the pair discussed their wedding plans — or … Read more
Key Takeaways The SEC has replaced SAB 121, offering a principles-based approach for crypto custody accounting. Under SAB 122, banks are allowed to use established accounting principles to assess and record potential risks associated with holding customer crypto. Share this article The US SEC has issued Staff Accounting Bulletin No. 122 (SAB 122), rescinding specific … Read more
Key Takeaways Coinbase petitioned the Second Circuit to declare digital token trades on its platform are not governed by federal securities law. The decision could impact SEC enforcement actions and reshape the regulatory landscape for digital assets in the US. Share this article Coinbase has requested the US Court of Appeals for the Second Circuit … Read more
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