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The U.S. Senate overwhelmingly rejected an IRS crypto rule targeting DeFi, dealing a major blow to regulations critics say would cripple crypto innovation and threaten digital privacy. Senate Overturns IRS DeFi Rule With a 70-28 Vote The U.S. Senate passed a resolution on March 4, led by Senator Ted Cruz (R-TX), to overturn an Internal … Read more
A House committee has moved to repeal the IRS’ controversial “DeFi Broker Rule,” arguing it would stifle innovation, overwhelm the agency with filings, and disadvantage U.S. crypto users. House Committee Blocks IRS DeFi Broker Rule The House Ways and Means Committee has voted to repeal the Biden Administration’s last-minute “DeFi Broker Rule,” arguing that the … Read more
Uniswap Wallet has introduced off-ramp capabilities through a deepened partnership with Web3 payments provider Transak, enabling users worldwide to convert cryptocurrencies to fiat currencies directly within the app. Uniswap and Transak Expand Partnership The integration, announced Feb. 26 and effective Feb. 27, allows users to sell assets like ethereum (ETH) and stablecoins into local currencies … Read more
The U.S. Securities and Exchange Commission (SEC) closed its investigation into Uniswap Labs on Feb. 25, 2025, ending a four-year probe without enforcement action, a move seen as part of a broader pivot toward crypto-friendly regulation under new leadership. Crypto Industry Sees Relief as SEC Drops Uniswap Labs Investigation The investigation, launched in 2021, centered … Read more
A South African study reveals growing DeFi adoption, projecting $2.8 million in volume by the end of 2025, primarily driven by retail customers. FSCA to Focus on Stakeholder Engagement According to a study conducted by South Africa’s Financial Sector Conduct Authority (FSCA), decentralized finance (DeFi) activities are gaining traction, with projected volume expected to reach … Read more
A recent Bloomberg report reveals that Ethena Labs, the crypto startup behind the yield-bearing stablecoin USDe, has secured $100 million from well known strategic investors. Ethena Labs Garners $100M in Pivotal Funding Round Over the past year, the yield-bearing stablecoin USDe has captured considerable attention, emerging as the third-largest fiat-pegged token by market capitalization. It … Read more
Renç Korzay, CEO of Giza, emphasizes that ethical considerations in AI agent development must be “architecturally enforced.” He advocates for built-in user control and “security-by-design” to minimize regulatory burdens. ‘Architecturally Enforced’ User Security The rapid advancement of artificial intelligence has led to the development of increasingly sophisticated AI agents, capable of performing complex tasks across … Read more
The Blockchain Association is urging Congress to support a measure sponsored by Sen. Ted Cruz that aims to overturn the Internal Revenue Service’s decentralized finance broker rule. Broker Rule Threatens U.S. DeFi Leadership The Blockchain Association has urged the U.S. Congress to pass a measure sponsored by Senator Ted Cruz that seeks to “overturn the … Read more
Sonic SVM, Solana’s first chain extension, officially announced today its $1M hackathon, designed to spur native decentralized application development ahead of its main net launch on Feb. 27, 2025. New York-Based Sonic SVM Announces Hackathon to Spur Solana Dapp Development Organized by Sonic SVM in New York, the hackathon runs from Feb. 17 to March … Read more
Enthusiasm for Bitcoin in decentralized finance remains strong despite the stagnation of total value locked (TVL) since the start of 2025. Some experts attribute BTCFi’s growth to factors such as institutional investors seeking yield and the development of necessary infrastructure. TVL Declining Across Protocols In the last quarter of 2024, the total value of bitcoin … Read more
