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Crypto
U.S. Senate introduces crypto tax bill, proposes tax exemption for stablecoin payments
U.S. Republican Senator Steve Daines introduced a crypto tax overhaul bill on Sept. 30 that would exempt taxes on stablecoin payments and small network fees. The proposal seeks to reduce tax burdens for everyday crypto use while extending anti-avoidance rules used for stocks to cryptocurrencies. It would exclude certain U.S. dollar stablecoin purchases from capital gains and reporting requirements and set limits for network-fee transactions, with exclusions for traders, dealers and others.
Crypto
Stablecoin salaries may leave workers to pay conversion and withdrawal fees
Workers paid in stablecoins may have to bear additional costs to convert, withdraw or transfer their wages before they can use the money for living expenses, a report said. While stablecoin payroll can lower cross-border remittance costs, fees and exchange rates could reduce take-home pay. Employers\' legal duties on wages, taxes and reporting remain. Exchange-rate swings, redemption limits and potential account restrictions can also affect access to funds.
Crypto
Trump hints at expanding U.S. bitcoin holdings; large market purchases up to Congress
U.S. President Donald Trump said he is considering expanding holdings of bitcoin and other cryptocurrencies, but analysts say launching a multi-billion-dollar open-market purchase program would require explicit authorisation from Congress. Existing law leaves limited routes for the executive branch, mainly through seized assets, donations and tax payments. Large-scale purchases or funding them by selling other digital assets could conflict with federal fiscal rules without new legislation.
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Industry
Global regulation outpaces plant buildout, speeding up Korean anode materials shift
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Finance
U.S. SEC reviewed more than 1 billion airline ticket records, raising data-broker surveillance row
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Crypto
New York woman loses $300,000 in cryptocurrency scam
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Crypto
Kraken says 56 million crypto tax filings are mostly small transactions, tax structure needs overhaul
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Crypto
OpenAI releases US industrial policy for the AI era, five changes crypto investors should watch
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Crypto
U.S. IRS proposes allowing Coinbase, Kraken and other crypto exchanges to use electronic tax filing
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Games & Commerce
Coupang self-probe under fire over laptop forensics, government cooperation row