Senator Ted Cruz leads a Congressional push to overturn the IRS's crypto broker rule, citing its incompatibility with decentralized finance and potential harm to U.S. cryptocurrency innovation. The post White House Crypto & AI Advisor David Sacks Supports IRS Broker Rule Repeal appeared first on Cryptonews.

Belarusian President Aleksandr Lukashenko has directed newly appointed officials to prioritize energy infrastructure improvements and explore domestic cryptocurrency mining, citing an excess electricity supply and rising demand.

Though the Trump administration has softened regulatory oversight targeting select cryptocurrency firms and absolved Ross Ulbricht via a full pardon, many believe that systemic inequities demand further redress.

The Bank of Israel has introduced a potential design for a central bank digital currency (CBDC), though officials emphasized that no final decision has been made on its issuance.

The total market capitalization of the crypto sector is down by over 10% in the past 24 hours.

The crackdown by the Economic Crime Suppression Division targeted e-money firms with a combined annual turnover of $29 million.

AI agents are revolutionizing DeFi, making trading smarter, yields higher, and access easier than ever before.

Strugats was based in New York and had worked for the crypto trading firm for more than three years.

As the U.S. Senate began its process to consider a resolution to erase the recent IRS rule that targets DeFi, the White House cheered it on.

Binance has placed ten altcoins under heightened scrutiny, signaling the possibility of future delistings.

Peter Schiff accuses Trump of crypto market manipulation, demanding a congressional investigation into potential insider trading.

The Senate will vote on whether to overturn a controversial tax rule that requires "custodial brokers" to collect and report user data.

The Congressional Crypto Caucus is a new nonpartisan voting bloc in Congress united by the promise of this technology, say House Majority Whip Tom Emmer and Representative Ritchie Torres.

After forming a new government, Alexander Lukashenko has prioritized boosting Belarus' energy grid and using excess power to mine cryptocurrency.

Wirex has launched an innovative initiative for a crypto card in collaboration with Ubisoft, inspired by the famous video game Assassin's Creed.

In a move to position the United States at the forefront of the digital asset landscape, President Donald Trump's administration plans to create a U.S. cryptocurrency reserve. The strategy, revealed Sunday (March 2), goes further than previous campaign promises around a “stockpile” of crypto seized by law enforcement.

The White House has publicly announced its support for a Congressional Review Act (CRA) resolution aimed at overturning the Internal Revenue Service's (IRS) broker rule for decentralized finance (DeFi). The rule, finalized in 2024, expands the definition of a broker to include DeFi developers, requiring them to report user transaction data to the IRS.

Donald Trump's advisers said they would recommend the US President sign a resolution repealing the IRS rule into law if passed by the House and Senate.

The global financial market, including crypto, is experiencing turmoil as the U.S. President's aggressive tariff policies on Mexico and Canada have started a trade war. Analysts anticipate that Trump's tariff war will cause downward pressure on the U.S. dollar, allowing cryptocurrencies to emerge.

The recently established crypto task force will be holding a roundtable discussion focusing on defining the security status of digital assets, amid shifting regulatory approaches and recent policy changes.

Overturning the IRS rule could boost DeFi innovation by reducing compliance burdens, but may raise concerns about tax evasion and transparency. The post Trump's administration backs resolution to undo IRS DeFi broker rule appeared first on Crypto Briefing.

Trump's proposal for a five-coin reserve dilutes the value proposition of bitcoin and smacks of self-interest, says Nic Carter.

The Office of the President has put out a statement to remove a last minute rule by the Biden administration that expanded the definition of brokers to include defi platforms.

The crypto market just received the ultimate stamp of approval. On March 2, President Trump announced a U.S. strategic crypto reserve, and he didn't limit it to Bitcoin – he explicitly included “other cryptocurrencies.

The Australian government has revealed that it is not considering a strategic crypto reserve amid President Donald Trump announcing the establishment of a crypto reserve in the U.S. The state refused to follow Trump's lead for a crypto reserve even after the President plans to stockpile five different digital assets.

On Sunday and Monday, the cryptocurrency market experienced a veritable upsurge as Bitcoin (BTC) rallied above $90,000, and the total digital assets market capitalization soared back above $3.1 trillion.

Trump's crypto czar David Sacks said Tuesday that the administration “strongly supports” passage of the resolution.

Circle CEO, Chairman and co-founder Jeremy Allaire manages the USD Coin, which has seen 100% growth in 12 months with trillions of dollars in transactions.

The world's largest cryptocurrency exchange by trading volume will discontinue its P2P Cash Zone, a peer-to-peer service allowing users to buy and sell crypto for cash with registered merchants, on March 31, 2025.

A post-inauguration cooldown wasn't unexpected, one analyst told Cointelegraph, but if Trump's promises stall, “market sentiment will dampen further.”

US lawmakers are preparing a Congressional Review Act (CRA) that will challenge the Internal Revenue Service's (IRS) broker rules, which require DeFi participants to report user data to the agency. Fox Business reporter Eleanor Terrett revealed on March 4 that Republican Senator Ted Cruz is leading efforts to introduce the CRA.

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The Securities and Exchange Commission (SEC) has recently intensified its efforts to clarify the regulation of crypto assets. On March 3, 2025, the SEC announced that its Crypto Task Force would hold a series of roundtables entitled "Spring Sprint Toward Crypto Clarity" to discuss key issues related to the regulation of cryptocurrencies.

Jsquare launches a new fund to fuel Web3 growth, bridging East and West while backing startups in high-potential blockchain sectors.

All of this comes as data from Nansen flagged that the hackers have "officially emptied their wallet," going from $1.4 billion to $1,429 in 10 days.

Over the weekend, President Donald Trump pulled what Peter Schiff is calling “the biggest crypto rug pull of all time.” Schiff, who is a longtime gold lover and crypto hater, took to X (formerly Twitter) on Tuesday to accuse Trump of orchestrating a pump-and-dump scheme with his announcement of a US strategic crypto reserve.

Memhash has become the first project to incorporate the new TONAPI Airdrop feature, developed by the Tonkeeper team.

BankPozitif, a leading digital bank in Turkey, has partnered with Swiss digital asset infrastructure provider Taurus to offer institutional-grade cryptocurrency custody services.

MegaETH, an Ethereum layer two (L2) scaling solution backed by Vitalik Buterin and Dragonfly Capital, will deploy its testnet this week, offering developers and users a first look at its high-speed blockchain infrastructure.

Treasury Secretary Scott Bessent Tuesday morning said the Trump administration is committed to lowering interest rates.

One crypto whale made $6.8M off a big bet over the weekend.

On February 21, 2025, the North Korean hacking group Lazarus managed to steal approximately $1.5B worth of Ethereum. Despite the initial whiplash effect, the $1.5B Bybit hack could paradoxically boost the best meme coins in 2025 and beyond.

The major investment bank BankPozitif will expand its capabilities into digital assets services via Taurus-PROTECT and Taurus-EXPLORER products. The post $7 Billion Turkish BankPozitif Partners with Taurus for Crypto Custody to Meet Surging Demand appeared first on Cryptonews.

Crypto market drops 10% despite Trump's crypto reserve announcement. Bitcoin falls from $93K to $83K, while Cardano and Solana see over 15% declines.

MegaETH is scheduled to launch its testnet this week on March 6. The layer2 project claims itself the first real time blockchain with high-speed L2 scaling solution.

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The probe, which began in late 2022, aimed to determine whether certain NFTs should be classified as securities under U.S. law. On March 3, the company shared the news in an X post, stating, “After 3+ years, the SEC has officially closed its investigation into Yuga Labs.