US lawmakers are set to discuss new digital asset tax proposals in a House hearing, focusing on 'de minimis' reporting exceptions for transactions. Concurrently, Illinois passed a budget plan including a 0.2% tax on crypto transactions, while Greece is preparing legislation for a 15% capital gains tax. Additionally, the Crypto Council for Innovation launched a coalition to push for regulatory clarity regarding digital asset vaults.
Top Senate Democrats call for congressional hearings to investigate the Trump family's cryptocurrency project and its connections to Abu Dhabi royalty.
Read the full storyThe proposed legislation aims to create a Justice Department-led task force to enhance blockchain forensics and support local law enforcement.
A coalition including Ripple and Coinbase demands regulatory clarity and blockchain developer protections ahead of U.S. midterms.
The House Ways and Means Committee is advancing tax bills to clarify fiscal treatment and update regulations for the digital asset sector.
Illinois lawmakers have advanced a budget proposal featuring a 0.2% tax on crypto transactions, shifting the collection responsibility to state-registered brokers.
US lawmakers are set to evaluate 'de minimis' reporting exceptions for small-scale crypto transactions to ease the administrative burden on retail users.