Illinois’ new crypto tax puts users under a burden stocks do not face
Illinois Gov. J.B. Pritzker has signed a $55.9 billion state budget that includes a first-of-its-kind 0.2% tax on crypto assets. The Digital Asset Tax Act, nested deeply within the broader revenue package of Senate Bill 3019, establishes a novel privilege tax on the exchange, transfer, and custody of cryptocurrencies. Beginning January 2027, digital asset br...
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Ethereum Foundation loses another key leader as co-executive director Hsiao-Wei Wang resigns
Wang's departure follows the resignation of fellow co-executive director Tomasz Stańczak and marks the latest in a string of high-profile exits at the EF....
Algorand unveils roadmap to achieve quantum resistance by 2028
The announcement reflects a crypto's growing recognition that adopting quantum-resistant cryptography could take years, requiring changes not only to user wallets but also to core protocol infrastructure....
CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification
Bitcoin Magazine CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification CME Group plans to sue the CFTC over its approval of bitcoin perpetual futures, arguing the contracts are swaps — not futures — under Dodd-Frank. This post CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Fran...