Warren: The Federal Reserve Chair should refuse cryptocurrency bailouts

The U.S. IRS steps up tax oversight of cryptocurrency; the tax filing deadline is April 15

The U.S. Internal Revenue Service increases its crackdown on tax evasion involving cryptocurrency, requiring investors to proactively report their transactions by April 15. Starting in 2025, brokers will be required to report digital-asset gains, and investors will need to verify their costs themselves. 61% of investors don’t know about the new rules, and 52% are worried about making mistakes when filing. Experts recommend collecting transaction records to avoid penalties and criminal prosecution.

Encourage innovation! A U.S. judge bars Arizona’s regulation of prediction markets, and pauses the prosecution of Kalshi

A U.S. federal district court ruled to block Arizona from suing the prediction market platform Kalshi under its gambling laws, finding that the federal Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in regulating financial markets. Kalshi has insisted that its business is a financial product rather than traditional gambling. Rulings by different states on prediction markets have varied, and the Trump family has also expressed support for prediction markets.

Could bypassing FSC regulations to buy crypto with a card be possible? OdinTean rolls out Wallet Pro, a service to buy crypto with U.S. debit cards

OwlPay and Wallet Pro services launched by OdinTing use stablecoin technology to enable B2B cross-border payments, and they partner with international payments giants to showcase their expansion ambitions in the financial technology sector. Through offshore operations, OdinTing bypasses Taiwan’s regulatory restrictions, providing fast virtual-asset trading. Meanwhile, as it faces the newly promulgated Virtual Asset Services Act, it is expected to become a reference template for other foreign-funded enterprises entering the Taiwan market.

The U.S. Department of Justice launches the OneCoin victim compensation program, with more than $40 million in assets available for claims

The U.S. Department of Justice has initiated a restitution process for victims of the OneCoin crypto Ponzi scheme. Victims who were harmed between 2014 and 2019 may apply for restitution, and more than $40 million is currently available. The scheme was launched in 2014 and resulted in more than $4 billion in losses for 3.5 million victims worldwide.

Nigel Farage invests 2 million pounds in Bitcoin, becoming the UK’s first openly holding MP

Reform UK leader Nigel Farage bought Bitcoin with roughly £2 million, becoming the first sitting member of Parliament to publicly disclose an investment of this size. The move highlights his party’s support for cryptoassets and could spark debate about the impact on the UK’s crypto policy and potential conflicts of interest. Farage invested via Stack BTC, strengthening his dual political and financial endorsement.

U.S. banks question the White House’s stablecoin yield report, concerned about the risk of deposit outflows

U.S. banks are questioning a White House stablecoin yield report, arguing that it overlooks the impact of stablecoins on deposit outflows, which could lead to higher financing costs and reduced local lending. The two sides are currently negotiating an agreement on the Senate bill, and a ban on paying stablecoin interest is the focus of the dispute.