XRP falls hard after CLARITY vote as Ripple’s regulatory advantage faces a new test
XRP fell more than 8% after the Senate blocked a key crypto bill, even as the token’s existing US regulatory treatment remained intact. CryptoSlate data showed XRP falling as low as $1.27 before recovering to about $1.29 as of press time, extending a…
Congress wants to make crypto easier to use and still collect $500 million more in taxes
A House crypto tax overhaul would raise an estimated $500 million while easing taxes on stablecoin payments and small fees. The House Ways and Means Committee is scheduled to consider H.R. 10357, the Digital Asset Tax Certainty Act, on Sept. 16, putting…
Everyday crypto users face monthly tax bills on total asset value if covered brokers fail to collect under new Illinois rules
Illinois’s 0.2% digital asset tax, scheduled to start Jan. 1, 2027, now faces another industry complaint as brokers prepare for a levy tied to the value of customer assets rather than their gains or service fees. Blockchain Association and the Crypto…