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The outcome of SBF’s prosecution could determine how the IRS treats your FTX losses

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Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.

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Coin Market

Strategy’s STRC falls to $91 as investors flinch at latest BTC buying

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“It appears traders are seeing the latest BTC acquisition as an unsustainable path for STRC,” said 10x Research’s Markus Thielen.

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Coin Market

Congress reaches deal on housing bill with CBDC ban until 2030

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The US could soon temporarily ban a central bank digital currency, as House and Senate leaders came to a deal on a housing bill inclusive of a ban.

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Coin Market

Illinois governor approves crypto transaction tax despite industry uproar

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“There is effectively no comparable state financial transaction tax on stocks, bonds or derivatives anywhere in the country,” said a16z general counsel Miles Jennings.

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