Crypto News
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Crypto
318 stories in this section
House to Review Proposed De Minimis Tax Break for Crypto
A House markup this week will examine a proposal to overhaul federal tax treatment of digital assets, including a long-sought crypto de minimis tax break. The measure still requires congressional approval before becoming law.
Clarity Act Passage Odds Reverse as Democratic Opposition Weighs on Crypto Markets
Decrypt reports that the Clarity Act’s recent improvement in passage odds has fully reversed amid Democratic pushback. Crypto majors also retreated, leaving the bill’s prospects uncertain and markets focused on whether passage remains possible.
CoinEx to Shut Down After Nine Years as Crypto Market Contracts
CoinEx plans to end operations after nine years, citing falling trading volumes, reduced liquidity and rising regulatory and compliance costs. Withdrawals will remain open until Dec. 22, according to Cointelegraph.
Trump Backs Revised Clarity Act as Crypto Industry Eyes Tuesday Vote
Trump backed Republicans’ revised Clarity Act, which strengthens ethics rules and concedes on DeFi and stablecoin issues. The crypto industry sees a path to passage, but support from enough Democrats for Tuesday’s vote remains uncertain.
Consensus Returns to Hong Kong for Third Year With Greater AI Focus
Consensus will be held in Hong Kong for a third year, with CoinDesk reporting an expanded focus on institutional digital-asset adoption and artificial intelligence’s growing role in the future of money.
Leveraged Funds Increase Bitcoin Futures Shorts Ahead of Fed
CFTC data cited by CryptoSlate showed leveraged funds rebuilding 1,669 BTC in Bitcoin futures shorts before the Fed, taking their net short near 39,877 BTC, while rising longs complicated the bearish signal.
Revolut Customers’ Identity Data Reportedly Exposed in Extortion Threat
Cointelegraph reports that attackers published Revolut customers’ identity documents and selfies and threatened to release more data daily unless the fintech pays. The report does not provide details on the ransom or customer count.
Regulation Identified as Hyperliquid’s Biggest Risk, Ran Neuner Says
Ran Neuner, founder of Crypto Banter, said Hyperliquid’s network effects provide a strong competitive moat, while regulatory uncertainty remains the platform’s biggest risk, Cointelegraph reported.
OpenAI Seeks Congressional Clarity on Whether an AI Slowdown Would Be Legal
OpenAI is seeking guidance from Congress on whether an AI development slowdown could comply with antitrust law. The request follows calls for restraint from researchers and warnings that competition may cause companies to overlook risks.