The U.S. Commodity Futures Trading Commission is leaning into artificial intelligence and automation as it faces massive new oversight responsibilities, according to congressional testimony from Chairman Mike Selig, even as his agency’s workforce has declined significantly under the administration of President Donald Trump. About a quarter of the CFTC’s staff has left since 2025, under […]
Congressmen Steven Horsford (D-Nev.) and Max Miller (R-Ohio) re-introduced their Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields (PARITY) Act late last month, seeking to update how the U.S. addresses crypto and taxes. Congress is going to address taxes (in general) in the coming months, and crypto may end up part of this. It’s […]
Bitcoin BTC$71,736.44 and other major cryptocurrencies all fell around 2% late Saturday evening U.S. hours after Vice President J.D. Vance announced that U.S. and Iranian negotiators had failed to agree to an extended ceasefire. The parties met in Pakistan Saturday to negotiate an agreement after the U.S.’s nearly six-week long campaign against Iran. Vance said […]
The U.S. employment market rebounded in a big way from February’s sizable losses. According to a Friday morning release from the Bureau of Labor Statistics, the country added 178,000 jobs in March, after losing 133,000 positions the previous month. Economist forecasts had been for 60,000 jobs to have been added. The unemployment rate fell to […]
EDX Markets, the crypto exchange backed by Citadel Securities, has applied for a national trust bank charter, marking a new step in its push to serve institutional clients. The exchange submitted its filing to the Office of the Comptroller of the Currency on Wednesday, according to documents seen by CoinDesk. The move comes about three […]
The U.S. Department of Labor has proposed a rule that would make it easier for 401(k) plans to include alternative assets such as cryptocurrencies, private equity and real estate. The proposal is in response to President Donald Trump’s executive order, released in August, which directed the Labor Department and the Securities and Exchange Commission to […]
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin BTC$69,587.38 slipped back below $70,000 as war in the Middle East and U.S. inflation data due later today keep investors cautious. The latest failure to build momentum above $70,000 followed reports that Iran was laying mines along the already disrupted Strait of Hormuz, a major […]
U.S. inflation data is the major catalyst to watch this week, as it could move the needle on market sentiment and Federal Reserve interest-rate expectations. The war in the Middle East and other geopolitical risks have kept commodity markets volatile, with bitcoin BTC$68,153.83 last week failing to remain above the $70,000 mark. The U.S.-Israel conflict […]
Cryptocurrency trading giant Coinbase (COIN) said new U.S. tax reporting requirements are overly onerous for many crypto holders and add unnecessary clutter to the country’s taxation system. While the idea is that taxable activity on crypto should be reported in the same way as with equities, for example, the rules require reporting transactions in stablecoins […]
Bitcoin neared $63,000 in Saturday trading after the U.S. and Israel launched military strikes on Iran, pushing the largest cryptocurrency down roughly 3% in a matter of hours and extending what had already been a difficult weekend for risk assets.The move brings bitcoin to its lowest level since the Feb. 5 crash, when the token […]
The U.S. Treasury Department has sanctioned a Russian company, Operation Zero, and the individuals behind it after accusing them of buying stolen cyber tools for millions in cryptocurrency and re-selling those technologies, which were created to be used by the U.S. government. The tools bought and sold by newly sanctioned Sergey Sergeyevich Zelenyuk and his […]
The U.S. carried out a “large scale” strike against Venezuela and its President Nicolas Maduro, Donald Trump announced early Saturday morning. Maduro and his wife, Trump continued, were captured and flown out of the country. U.S. Attorney General Pam Bondi later announced that Maduro and his wife, Cilia Flores, had each been indicted in the […]