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Resolution to Kill IRS DeFi Broker Rule Heads to Trump’s Desk

Source: Cointelegraph US President Donald Trump is expected to sign off on a resolution undoing a rule that requires DeFi protocols to report to US tax authorities. US President Donald Trump is expected to sign a resolution to kill a Biden administration-era rule that requires decentralized finance (DeFi) protocols to report to the Internal Revenue… Continue reading Resolution to Kill IRS DeFi Broker Rule Heads to Trump’s Desk

Hong Kong Fintech Sector Sees 250% Blockchain Growth Since 2022

Source: Cointelegraph Hong Kong’s fintech market is projected to hit $606 billion by 2032, driven by blockchain, digital assets, AI and a proactive Web3 licensing regime. Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future.… Continue reading Hong Kong Fintech Sector Sees 250% Blockchain Growth Since 2022

Dubai Recognizes USDC, EURC as First Stablecoins Under Token Regime

Source: Cointelegraph The Dubai Financial Services Authority has recognized the first stablecoins under its crypto token regime: USDC and EURC. The Dubai Financial Services Authority (DFSA) has officially approved Circle’s stablecoins USD Coin and EURC (EURC) as recognized tokens under the authority’s crypto regime — the first stablecoins approved under the regime. Due to this… Continue reading Dubai Recognizes USDC, EURC as First Stablecoins Under Token Regime

BlackRock CEO Wants SEC to ‘Rapidly Approve’ Tokenization of Bonds, Stocks: What It Means for Crypto

Source: Cointelegraph BlackRock CEO Larry Fink said he’s “a huge believer in crypto” and urged the SEC to “rapidly approve” asset tokenization. Is this a net positive for the crypto sector? Larry Fink, CEO of the world’s largest fund manager BlackRock, has expressed his hope that the US Securities and Exchange Commission (SEC) will swiftly… Continue reading BlackRock CEO Wants SEC to ‘Rapidly Approve’ Tokenization of Bonds, Stocks: What It Means for Crypto

Morgan Stanley to Explore Crypto Offerings For Clients — CEO

Source: Cointelegraph The financial services giant is also considering adding crypto to its trading platform, E-Trade, due to a change in regulatory climate. Morgan Stanley CEO Ted Pick recently said the banking giant is exploring potential crypto offerings for its clients and is in discussions with financial regulators in the United States. Speaking with CNBC… Continue reading Morgan Stanley to Explore Crypto Offerings For Clients — CEO

Trump Issues Crypto Executive Order to Pave U.S. Digital Assets Path

Source: CoinDesk President Donald Trump has signed a long-awaited crypto order that sets a federal agenda meant to move U.S. digital assets businesses into friendly oversight. What to know: After a few days of hand wringing from the eager crypto sector that wondered how long the wait would be for Trump’s digital assets push, the… Continue reading Trump Issues Crypto Executive Order to Pave U.S. Digital Assets Path

Hong Kong Court Serves Tokenized Legal Notice to Illicit Tron Wallets

Source: Cointelegraph Hong Kong is using tokenized legal notices to target anonymous crypto wallets containing stolen assets. Hong Kong courts can now serve tokenized legal notices on the blockchain against anonymous owners of illicit wallet addresses. A court injunction order seen by Cointelegraph showed two wallet addresses on Tron that received tokenized legal notices to… Continue reading Hong Kong Court Serves Tokenized Legal Notice to Illicit Tron Wallets

Hong Kong Stablecoins Bill Advances to the Legislative Council

Source: Cointelegraph The bill includes licensing requirements for stablecoin issuers, offering and marketing restrictions and broader consumer protections. Hong Kong’s proposed Stablecoins Bill has entered the Legislative Council, moving the region closer to forming a comprehensive regulatory regime for stablecoins. On Dec. 6, the Hong Kong government published the bill in the special administrative region’s… Continue reading Hong Kong Stablecoins Bill Advances to the Legislative Council

Trump-linked Strive Files for ‘Bitcoin Bond’ ETF

Source: Cointelegraph The fund aims to offer exposure to MicroStrategy’s convertible bonds, among others. Strive, an asset manager founded by Vivek Ramaswamy, asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers, according to a Dec. 26 filing. The ETF seeks… Continue reading Trump-linked Strive Files for ‘Bitcoin Bond’ ETF

Big victory in Tornado Cash case as judge says OFAC exceeded authority

Source: Cointelegraph A US appeals court said Treasury’s OFAC “overstepped” when it sanctioned Tornado Cash’s immutable smart contracts, leading to a nearly 900% surge in TORN. Tornado Cash users have scored a major victory in a United States appeals court after a three-judge panel found the Treasury’s sanctions against the crypto mixer’s immutable smart contracts… Continue reading Big victory in Tornado Cash case as judge says OFAC exceeded authority