Italy’s economy is poised to undergo significant changes as Economy Minister Giancarlo Giorgetti champions a proposal to raise taxes on cryptocurrency capital gains from 26% to a staggering 42%. This move, aimed at addressing what Giorgetti perceives as the excessive risks associated with digital assets, could potentially yield an additional €16.7 million annually for the […]
US Lawmakers Challenge Crypto Policies in Heated Hearing
The recent hearing of the US Securities and Exchange Commission (SEC) showcased a significant confrontation between lawmakers and the agency regarding its policies on cryptocurrencies. SEC Chair Gary Gensler faced bipartisan scrutiny as representatives from both sides of the aisle accused the agency of stifling the burgeoning cryptocurrency industry. This tension highlights the urgent need […]
SEC Faces Off Against Coinbase: The Battle for Crypto Regulation
In a landmark court case, Coinbase, the largest cryptocurrency exchange in the United States, has found itself in a legal tussle with the Securities and Exchange Commission (SEC). The focal point of this confrontation is Coinbase’s demand for clearer regulations regarding digital assets, highlighted by a lawsuit emerging from the SEC’s dismissal of a 2022 […]