The US state of Louisiana praised Bitcoin for its first decentralized and trillion-dollar market value and argued that it should be encouraged to make the most of Bitcoin's technology.
USA Will Answer ETF Applications in May
The response of the US Securities and Exchange Commission (SEC), led by the new president, Gary Gensler, to Bitcoin ETF applications is a matter of curiosity. The SEC, which has so far examined the ETFs of giant names such as Grayscale, Galaxy Digital, and VanEck, will announce its decisions in the first and second weeks of May.
New York Stock Exchange Wants to List Valkyrie's BTC ETF
The New York Stock Exchange has applied to the SEC to list the Valkyrie's shares if the company’s ETF application is approved. Valkyrie made its ETF application to the SEC last January.
Ripple Refuses to Disclose Transactions on Foreign Exchange
The SEC’s senior lawyer Jorge Tenreiro has stated that that Ripple rejects providing the documents crucial for working out whether there is any violation of the laws. SEC claims that the XRP transactions were made abroad to a large extent.
South Korea May Shut Down All Exchanges
The head of South Korea's Financial Services Commission stated that all cryptocurrency exchanges in the country may be closed next September. There are approximately 200 cryptocurrency exchanges in the country, and no crypto exchange has applied for its VASP license yet.
Biden Suggests Changes in Tax Regulations
US President Joe Biden has announced that they are planning to raise capital gains taxes on those who earn a million dollars or more, and raise earnings tax rate to 39.6 percent by nearly doubling. This means that the federal taxes on investment income of US citizens will reach 43.4.
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