Month: April 2025

Trump signs resolution killing IRS DeFi broker rule

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US President Donald Trump has signed a joint Congressional resolution to repeal a rule that would have required DeFi protocols to report to the Internal Revenue Service. 482 Total views 1 Total shares News COINTELEGRAPH IN YOUR SOCIAL FEED US President Donald Trump on April 10 signed a joint Congressional resolution overturning a Biden-era rule that requires decentralized finance (DeFi) protocols to report to the country’s tax authority, the Internal Revenue Service. The rule would have required DeFi platforms, such as decentralized exchanges, to file their gross proceeds from crypto sales and…

Trump signs resolution overturning IRS DeFi broker rule

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Key Takeaways President Trump signed a resolution overturning an IRS rule that required DeFi platforms to report crypto transaction data. The reversal alleviates the overburdening of DeFi participants with regulatory demands, supporting digital asset innovation while addressing privacy and taxpayer information sharing concerns. Share this article President Donald Trump today signed legislation nullifying an IRS rule that would have required decentralized finance (DeFi) platforms to report crypto transaction data and collect customer information, according to a press release issued by Rep. Mike Carey, who introduced the bill alongside Sen. Ted…

Ripple, SEC file joint motion to pause appeals to finalize case resolution

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Key Takeaways Ripple and the SEC have filed a joint motion to pause their ongoing appeals as they work towards a settlement agreement. The motion aims to conserve resources by temporarily halting the legal proceedings while awaiting Commission approval. Share this article The US SEC and Ripple Labs on Thursday submitted a joint motion to the Court of Appeals, seeking approval to pause their ongoing appeals following an agreement-in-principle to resolve their legal dispute. In October 2024, the SEC appealed against a ruling from Judge Analisa Torres, challenging her decision…

SEC drops suit against Helium for alleged securities violations

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The US Securities and Exchange Commission (SEC) has dismissed a lawsuit against Nova Labs, developer of decentralized wireless network Helium, for allegedly issuing unregistered securities, Helium stated in an April 10 blog post.  Filed in January 2025, the lawsuit was among the SEC’s final enforcement actions against a cryptocurrency developer under former Chair Gary Gensler, who stepped down from his post on Jan. 20 after US President Donald Trump took office.  The dismissal with prejudice means the blockchain developer cannot be charged with similar violations again for issuing in 2019…

HashKey receives Hong Kong approval to offer crypto staking services

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Cryptocurrency exchange HashKey has received approval from Hong Kong regulators to offer staking services, potentially broadening the institutional appeal of proof-of-stake investments such as the spot Ether exchange-traded funds (ETFs). HashKey was granted approval on April 10 after the Hong Kong Securities and Futures Commission (SFC) provided regulatory guidance on staking services to Licensed Virtual Asset Trading Platforms (VATPs) and authorized funds, the company disclosed on social media.  HashKey said it had become “one of the first” regulated Hong Kong exchanges to offer staking services. Source: HashKey Group The approval…

North Carolina lawmaker introduces Digital Asset Freedom Act

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North Carolina (NC) representative Neal Jackson introduced the North Carolina Digital Asset Freedom Act on April 10. The bill proposes that qualifying “digital assets” be accepted as a legally recognized form of payment and for taxes. Although the language of the bill does not specifically mention Bitcoin (BTC), there are several provisions laid out that make BTC uniquely qualified under the bill’s definition of a “digital asset.” These stipulations include a minimum market capitalization of $750 billion and a daily trading volume of over $10 billion, a market history of…

Tariffs, capital controls could fragment blockchain networks — Execs

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Escalating geopolitical tensions threaten to balkanize blockchain networks and restrict users’ access, crypto executives told Cointelegraph.  On April 9, US President Donald Trump announced a pause in the rollout of tariffs imposed on certain countries — but the prospect of a global trade war still looms, especially because Trump still wants to charge a 125% levy on Chinese imports.  Industry executives said they fear a litany of potential consequences if tensions worsen, including disruptions to blockchain networks’ physical infrastructure, regulatory fragmentation, and censorship.  “Aggressive tariffs and retaliatory trade policies could…

Bitcoin traders’ sentiment shift points to next step in BTC halving cycle

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Bitcoin’s (BTC) four-year cycle, anchored around its halving events, is widely recognized as a key factor in BTC’s year-over-year price growth. Within this larger framework, traders have come to expect distinct phases: accumulation, parabolic rallies, and eventual crashes. Throughout the four-year period, shorter-duration cycles also emerge, often driven by shifts in market sentiment and the behavior of long- and short-term holders. These cycles, shaped by the psychological patterns of market participants, can provide insights into Bitcoin’s next moves. Bitcoin whales eat as markets retreat Long-term Bitcoin holders — those holding…

Ross Ulbricht To Speak At Bitcoin 2025

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Edited by Tommy Marcheschi It’s happening! Everything we’ve fought for and more; Ross Ulbricht is free and he is coming to Bitcoin 2025! Bring your “Free Ross Day One” t-shirts to Vegas because he will be in attendance at the conference for the first time as a free man, in less than two months. “Freedom is the emancipation from the arbitrary rule of other men.” —Mortimer Adler Freedom means a lot to us bitcoiners, so when Silk Road founder Ross Ulbricht, a freedom fighter and a Bitcoin pioneer, was given two…

Spot Bitcoin ETFs see $772M outflow as investors prepare for tariff-driven inflation

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Bitcoin (BTC) spot exchange-traded funds (ETFs) faced significant pressure amid uncertainty caused by the ongoing global trade war. Between March 28 and April 8, these ETFs experienced net outflows totaling $595 million, according to Farside Investors data. Notably, even after most US import tariffs were temporarily lifted on April 9, the funds still recorded an additional $127 million in net outflows. This situation has left traders questioning the reasons behind the continued outflows and why Bitcoin’s rally to $82,000 on April 9 failed to boost confidence among ETF investors. Spot…