Martin Shkreli, known for his previous securities fraud conviction, has reportedly claimed to co-create the DJT token, a new crypto asset themed after Donald Trump. The revelation comes as the token’s association with the Trump campaign remains unverified, stirring significant speculation and controversy. ‘Pharma Bro’ Martin Shkreli Allegedly Co-Creates Trump Crypto Token In a recent […] Source CryptoX Portal
Tag: Controversial
US Senate Votes to Overturn SEC’s Controversial Crypto Rules — Biden’s Veto Threat Looms
The U.S. Senate has voted to overturn the Securities and Exchange Commission (SEC)’s controversial SAB 121, which imposes regulatory burdens on digital asset custodians. The resolution also passed in the House and now faces a veto threat from President Joe Biden. Last week, the White House issued a statement: “If the President were presented with […] Source BitcoincryptoexchangeExchanges CryptoX Portal
House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources
If signed by U.S. President Joe Biden, the House resolution would disapprove of the bulletin and block the SEC from issuing any similar guidance in the future. The White House threatened to veto the resolution should it advance out of the Senate as well, saying it “reflects considered SEC staff views.” Source
Why Eigenlayer’s Airdrop Is Controversial
Although it’s actually conservative. Source
U.S. House Panel Votes to Disapprove of Controversial SEC Custody Guidance
The House Financial Services Committee also seemed inclined to adopt a bill giving the U.S. Secret Service more resources to investigate crypto crimes. Source
Venezuela Ends Controversial Petro Cryptocurrency: Reports
Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports. Source
French Lender Societe Generale Floats Controversial Euro Stablecoin
Unlike what JPMorgan offers with its JPM Coin, the EUR ConVertible will be available for trading, thus opening up immediate access for a wide range of investors. Societe Generale, the third-largest bank in France is set to launch its EUR CoinVertible stablecoin on the crypto exchange Bitstamp. The move represents a pioneering effort by the Paris-based bank as it will be the first bank to offer a stablecoin on a cryptocurrency exchange. For what it’s worth, the bank’s groundbreaking action will cause a major shift in the way traditional financial…
India’s Controversial TDS Crypto Tax Should Be Cut if the Government Wants to Boost Revenue, Transparency, Esya Centre Urges
CryptoX – Cryptocurrency Analysis and News Portal The tax, a form of income tax known as TDS, has prompted as many as 5 million crypto traders to move their transactions offshore, and has cost the government a potential $420 million in revenue since it was introduced in July, 2022, according to the study by the Esya Centre. Source The post India’s Controversial TDS Crypto Tax Should Be Cut if the Government Wants to Boost Revenue, Transparency, Esya Centre Urges appeared first on CryptoX. CryptoX Portal
India’s Controversial TDS Crypto Tax Should Be Cut if the Government Wants to Boost Revenue, Transparency, Esya Centre Urges
The tax, a form of income tax known as TDS, has prompted as many as 5 million crypto traders to move their transactions offshore, and has cost the government a potential $420 million in revenue since it was introduced in July, 2022, according to the study by the Esya Centre. Source
GAO finds controversial SEC guidance is subject to congressional oversight
United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issued in March 2022, has been a source of ire for many pro-crypto lawmakers. The GAO was acting on a letter sent by Lummis to the U.S. Comptroller General in August 2022. It considered whether the bulletin was a rule subject to the Congressional Review Act (CRA).…