Crypto community hopeful about new Senate leader John Thune
Not endorsed by Donald Trump, Senator John Thune defeated the Elon Musk-supported Senator Rick Scott to become the new Senate majority leader. Go to Source
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UK crypto rules unclear for firms avoiding Europe’s MiCA regulation
While some industry execs believe that MiCA could trigger a shift from the EU to the UK, others question the UK’s unclear crypto regulations. Go to Source
Italy to raise capital gains tax on Bitcoin from 26% to 42%
In addition to raising the withholding tax on Bitcoin capital gains to 42%, Italy also plans to remove the 750,000 euro web tax threshold. Go to Source
South Korean Upbit crypto exchange faces monopoly probe
South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank amid the latter’s IPO, which is expected in late October. Go to Source
Crypto.com sues SEC to ‘protect the future of crypto’ in US
Crypto.com’s lawsuit against the US SEC follows the exchange’s receipt of a Wells notice from the agency. Go to Source
Kamala Harris finally breaks silence on crypto: Report
Kamala Harris has spoken publicly about crypto for the first time, pledging support for the industry while stressing consumer protections. Go to Source
Crypto execs plan to raise $100K for Harris at fundraiser: Report
A group of crypto industry players wants to sway Kamala Harris to soften on crypto as she maintains a slight lead in national polling over Donald Trump. Go to Source
Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set … Read more
IMF execs float raising crypto mining electricity prices by 85%
A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives. Go to Source
Elon Musk Offers to Assist Donald Trump Boost Government Efficiency
Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting he would be a great leader for such a commission. Trump and … Read more
