Global #crypto industry

In a surprising shift on the decentralized prediction market platform Polymarket, U.S. Vice President Kamala Harris has overtaken former President Donald Trump in the odds for the upcoming presidential election.

As Donald Trump and Kamala Harris prepare to engage in their first presidential debate, the spotlight on cryptocurrency policy is expected to be dim, despite rising calls for clarity from both candidates.

Japan’s Financial Services Agency (FSA) has unveiled a bold plan to overhaul the tax code for the fiscal year 2025, with significant implications for cryptocurrency taxation.

As the 2024 presidential election approaches, U.S. Senator Ted Cruz has been vocal in his support for Bitcoin, positioning Texas as a leading hub for cryptocurrency innovation.

On August 8, the Internal Revenue Service (IRS) unveiled a revised draft of Form 1099-DA, aimed at streamlining the process for reporting digital asset transactions. The updated form, tentatively titled “Digital Asset Proceeds From Broker Transactions,” is set to come into effect for transactions starting in tax year 2025, with reports due by April 2026.

The anticipated meeting between Democratic Presidential nominee Kamala Harris and key figures from the cryptocurrency industry, originally scheduled for Monday, August 5, has been postponed.