Government's Bitcoin Sales Cost Taxpayers $18.5 Billion in Lost Value
Senator Cynthia Lummis investigates U.S. Marshals Service's controversial practice of selling seized Bitcoin assets, revealing $18.5 billion in unrealized losses. The investigation focuses on the Silk Road case and questions federal cryptocurrency management policies that may have disadvantaged American taxpayers.
Treasury Yields Pressure Bitcoin Below $97,000 as Economic Data Impacts Risk Assets
Bitcoin retreated from its $102,000 peak as strong U.S. services sector data pushed Treasury yields higher, dampening appetite for risk assets. The leading cryptocurrency's sensitivity to economic indicators and Fed policy continues to influence market dynamics, despite optimism around institutional adoption.
Tether's $5 Billion Profit and Political Boost Signal Strong 2025 Outlook
Cryptocurrency giant Tether enters 2025 with record $5 billion profits and potential support from Commerce Secretary nominee Howard Lutnick. Despite regulatory scrutiny, the company expands beyond stablecoins into trade financing while managing $137 billion in USDT tokens.
Global Powers Embrace Bitcoin as National Reserve Asset in Historic Shift
Major nations including the US, Switzerland, and others are making unprecedented moves to incorporate Bitcoin into their strategic reserve assets. This transformative shift in global monetary policy reflects Bitcoin's growing role as a hedge against inflation and tool for financial independence.
Global Nations Expected to Add Bitcoin to Strategic Reserves in 2025, Franklin Templeton Predicts
Investment giant Franklin Templeton forecasts widespread national adoption of Bitcoin as reserve currency in 2025, backed by surging institutional interest and U.S. Bitcoin ETFs managing $110 billion. With 13 states developing Bitcoin reserve legislation and ambitious price projections ranging from $175,000 to $350,000, this shift could reshape global financial systems.
IRS Extends Crypto Tax Reporting Rules to 2026, Offering Relief to Exchanges and Investors
The IRS has announced an extension of cryptocurrency tax reporting requirements through 2026, giving exchanges and taxpayers more time to adapt. The update includes flexibility in cost-basis calculation methods for 2025 and new rules for both CeFi and DeFi brokers.
A16z Crypto Challenges IRS's New DeFi Reporting Requirements in Landmark Lawsuit
Venture capital firm A16z Crypto joins forces with industry groups to contest IRS regulations that would classify DeFi platforms as brokers. The controversial rules, set to take effect in 2027, are criticized for potentially stifling innovation and placing unreasonable compliance burdens on developers.
Treasury and IRS Unveil Controversial DeFi Reporting Rules, Crypto Industry Pushes Back
The U.S. Treasury and IRS have finalized new reporting requirements for DeFi brokers, mandating documentation of digital asset sales similar to traditional securities. The decision faces strong opposition from crypto industry leaders who question its timing and legality, particularly regarding KYC implementation requirements.
US Strategic Bitcoin Reserve Could Manage 35% of National Debt by 2050, VanEck Projects
Investment firm VanEck proposes an ambitious plan for the US government to acquire 1 million Bitcoin by 2050 as a strategic reserve asset. The analysis suggests this could help manage up to 35% of domestic debt, though the strategy faces potential creditor resistance and market challenges.
Michael Saylor's Bold Vision: Bitcoin as a $81 Trillion National Asset Strategy
MicroStrategy's Michael Saylor proposes an ambitious plan for the US to establish a strategic Bitcoin reserve, potentially generating up to $81 trillion in wealth. The comprehensive strategy aims to modernize market infrastructure while addressing national debt, though it faces criticism from traditional economists.