In brief Crypto industry groups urged Congress to pass a tax bill exempting mining and staking rewards from taxable income. House Democrats are skeptical, arguing the proposal could unfairly favor crypto over traditional investments. With time running short as midterms fast approach, the bill’s prospects this year remain uncertain. The crypto industry is urging Congress…
Keir Starmer’s decision to step down as UK prime minister has opened a race for Downing Street just as Britain enters the final stages of building one of its most consequential financial regulatory frameworks in years. On June 22, Starmer said that he would remain in office until Labour selects a successor, ending a premiership…
In May, the European Commission opened a comment period, seeking feedback on regulations for the cryptocurrency and blockchain industries. The comment period will precede eventual revisions and additions to the Markets in Crypto Assets (MiCA) legislative framework. Some have already dubbed the expected new framework “MiCA 2.0.” Katie Harries, director and head of policy for…
