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Backpack US appoints former SEC Acting Chairman Piwowar to board amid push for crypto perps
Michael S. Piwowar was appointed by President Barack Obama and served as an SEC commissioner from 2013 to 2018.
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Trump Crypto Advisor Backs 6 Crypto Tax Bills On Staking, Mining, Capital Gains
Patrick Witt, the White House’s crypto policy adviser, expressed his backing of a fresh digital asset tax bill that has been submitted in the U.S. House panel. With that now, lawmakers respond to long-standing industry issues of staking, mining and crypto transactions. Ad Ad White House Crypto Advis
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Over 200 crypto firms push Senate to pass CLARITY Act
Crypto lobby groups representing hundreds of organizations urged Senate leaders in a letter to schedule a vote on a key crypto bill ahead of the midterms.
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Former FTX CEO Sam Bankman-Fried officially files for a presidential pardon from Trump
Sam Bankman-Fried is pressing ahead with his bid for a presidential pardon, even after President Trump said he has no plans to grant clemency.
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UK FCA proposes allowing authorized funds to allocate up to 10% to crypto ETNs
The FCA proposed allowing authorized UK funds to hold up to 10% in crypto ETNs, extending access opened by last year's retail ban lift.
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Russia Central Bank To Limit Retail Crypto Investors To Bitcoin, Ethereum, & USDT
The post Russia Central Bank To Limit Retail Crypto Investors To Bitcoin, Ethereum, & USDT appeared first on Coinpedia Fintech News Bitcoin, Ethereum, and USDT could soon become the only cryptocurrencies available to most retail investors in Russia. The country’s central bank is backing a new framew
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Crypto tax in Illinois FY2027 budget is one step away from becoming law
The law, part of a budget plan passed by Illinois lawmakers, would put the burden of collecting a 0.2% tax on crypto transactions on a registered broker.
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U.S. House tax committee weighs crypto bills, including relief for small transactions
The U.S. House Ways and Means Committee is currently reviewing several cryptocurrency-related tax bills, with a key focus on providing relief for small digital asset transactions. The legislative package under consideration includes measures that would establish de minimis thresholds for crypto transactions, potentially exempting purchases under certain dollar amounts
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Hyperliquid Hit by UK FCA Warning as Crypto Perps Face Scrutiny
The warning from the UK’s Financial Conduct Authority adds pressure to a perps market already under increasing scrutiny from regulators.
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CME CEO Duffy says new perpetual futures could be ‘disaster waiting to happen’
CME CEO Terry Duffy warned that U.S.-approved perpetual futures risk retail blowouts and excessive leverage exposure.
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Hong Kong taps JPMorgan, HSBC for expert group to scale tokenized bonds
The Hong Kong Monetary Authority announced the formation of an expert group to advance the development of tokenized bonds.
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South Korean police investigate local Polymarket users on illegal gambling charges: report
South Korean Polymarket users could be subject to a fine of up to 10 million Korean won, which is worth around $6,495.