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Crypto reform coming to US in 2023, says former White House chief of staff

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SVB’s epic failure occurred “at a bank that happened to deal with crypto customers” but “was not a crypto-induced problem,” said Mick Mulvaney.

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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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Coin Market

Hyperliquid open interest surges 32% in a week: Is $80 HYPE next?

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Despite mixed HYPE derivatives market signals, Hyperliquid’s explosive TradFi perpetual growth makes a push toward $80 increasingly realistic.

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Senators urge Treasury ensure state authority in GENIUS application

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A bipartisan group of US senators told the Treasury that its application of stablecoin laws should be done in a way that “preserves and promotes State participation.”

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