The U.S. Securities and Exchange Commission agreed to drop its lawsuit against Cumberland DRW LLC, according to the firm.
Ripple CEO Brad Garlinghouse and Strategy executive chair Michael Saylor said they had received invitations to the March 7 event.
On Mar. 4, the U.S. Senate released the Congressional Review Act to rescind a Biden-era regulation commonly known as the Broker DeFi Rule. This rule required decentralized finance platforms to share user data with the Internal Revenue Service.
The suit is the latest in a string of dropped enforcement cases by the SEC.
The largest hack in the history of crypto is experiencing alarming developments. In just 10 days, hackers have managed to launder all of the 1.4 billion dollars stolen from the Bybit platform.
March presents a golden opportunity for crypto investors as three underrated altcoins, Cardano (ADA), Dogecoin (DOGE), and Mutuum Finance (MUTM) show strong potential for massive gains. Cardano (ADA) has surged 2.33%% to $0.67 in the last 24 hours. Dogecoin (DOGE), currently trading at $0.
Having sunk to as low as $81,500 earlier in the session, bitcoin (BTC) climbed above $88,000
The cryptocurrency market remains stable at $2.78 trillion, despite a 6.7% decline over the past 24 hours. Bitcoin has slipped 6% in the last day, hovering slightly above $85,000, while ethereum has fallen 7.5%, settling around the $2,100 mark. Only a select few digital assets managed to avoid losses on Tuesday.
Winklevoss twin urges crypto legislation to prevent regulatory ‘weaponization'
BlockStream Corporation is launching three new funds on April 1, including two focused on crypto-backed lending.
Despite the violent swings we've seen in the markets over the past few weeks, we like the crypto setup right now.
Bitcoin plummets to $83,591, reversing gains from Trump's U.S. crypto reserve announcement amid global market uncertainty.
Israel's central bank has unveiled an initial concept for a digital shekel (DS), laying out a potential framework for the country's own central bank digital currency (CBDC).
Michael Saylor, founder of Strategy, announced on X that he has been invited to the White House Digital Assets Summit on March 7, hosted by President Donald Trump. Saylor shared the invitation in a post on X.
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.
David Sacks, the White House Crypto & AI Czar, has denounced having an additional conflict of interest with Multicoin in his bid to maintain transparency with the industry. The Crypto Czar revealed this in response to an X user, Krystall Ball, who questioned Sacks' exposure to Multicoin.
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 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 cryptocurrency trading firm is considering opening new offices in both New York and Singapore.
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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