US lawmakers propose tax break for small stablecoin payments, staking rewards
US lawmakers are proposing a $200 tax exemption for stablecoin payments and a multi-year deferral option for crypto staking and mining rewards.
US lawmakers are proposing a $200 tax exemption for stablecoin payments and a multi-year deferral option for crypto staking and mining rewards.
Industry supporters said crypto “would not be where it is today” without US Senator Cynthia Lummis, who announced she would not seek reelection next year.
Social media sentiment indicates Bitcoin is in a range where a drop below $75,000 is possible, according to Santiment founder Maksim Balashevich.
A circulating report attributed to Fundstrat warns of a potential crypto drawdown in early 2026, setting downside targets for Bitcoin, Ether and Solana.
Blockstream CEO Adam Back said that Castle Island Ventures founding partner Nic Carter is “not helping” the ongoing quantum-Bitcoin narrative for Bitcoiners.
Bitcoin continued to sell near $90,000 as investors reacted to weak US jobs data and slowing economic growth by shifting into safer assets.
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Mike Selig pledged to make crypto a priority when he was picked to lead the CFTC in October, while Travis Hill has spoken out against crypto debanking.
Coinbase sued regulators in Connecticut, Illinois and Michigan, arguing CFTC-regulated prediction markets fall under federal commodities law, not state gambling rules.
Bitcoin headed higher despite the Bank of Japan’s interest-rate hike while reactions saw bullish risk-asset signals and no further policy tightening.
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