Crypto firms rally behind Ted Cruz to block DeFi broker rule
The Blockchain Association, representing 76 crypto firms, urges Congress to repeal the IRS DeFi broker rule, arguing it threatens US crypto innovation and unfairly burdens blockchain firms.
The Blockchain Association, representing 76 crypto firms, urges Congress to repeal the IRS DeFi broker rule, arguing it threatens US crypto innovation and unfairly burdens blockchain firms.
Original source
Read on CointelegraphRelated market context
SEC targets 20-year-old rule standing between Wall Street and blockchain trading
The Securities and Exchange Commission (SEC) is moving to dismantle a stock-trading rule that has governed Wall Street for two dec...
Over 60 crypto CEOs rally behind BRCA in push to protect non-custodial developers
The BRCA's passage could significantly boost innovation in the US crypto sector by providing legal clarity for non-custodial devel...
SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks
The SEC just removed the single biggest legal obstacle standing between Crypto DeFi and US equity markets. On June 11, the agency...
Fireblocks Says Institutional ETH Staking Is Moving Toward Standardized Rails
TL;DR Fireblocks says it has launched ETH Staking Link, a standardized interface for institutional Ethereum staking integrations....
CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets
The Commodity Futures Trading Commission filed suit Thursday in federal court against New Mexico, seeking to prevent the state fro...
Hester Peirce Farewell Speech Highlights SEC Crypto Rulemaking Divide
TL;DR SEC Commissioner Hester Peirce delivered a farewell speech titled “Peirce Out.” She criticized the agency’s reliance on enfo...