Latest Congressional swing at crypto tax reform would direct IRS to review de minimis exemptions

A bipartisan group of lawmakers on Wednesday introduced a revised cryptocurrency tax bill that would update the tax code to better address cryptocurrency use cases and, if signed into law, direct the Internal Revenue Service to analyze the possible impact of de minimis exemptions. Congressmen Steven Horsford (D-N.V.), Max Miller (R-Ohio), Susan DelBene (D-Wash.), and…

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Securitize posts record revenue in the first quarter as it gears up for public listing

Securitize reported record quarterly revenue as the tokenization platform continues to move toward an eventual public listing through its proposed SPAC merger with Cantor Equity Partners II (CEPT), underscoring growing institutional demand for tokenized real-world assets despite continued profitability pressures. The Miami-based company reported Wednesday that first-quarter revenue rose 39% year-over-year to $19.5 million, the…

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Fit-again Baloucoune starts for Ulster in final

Ulster have been given a major boost after fit winger Robert Balukuna was named as a starter for Friday’s European Challenge Cup final against Montpellier. Balukuon suffered an elbow injury during Ireland’s Triple Crown win over Scotland in March and is expected to be sidelined for three months. advertise But after returning to training early,…

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String of burglaries rocking LA residential area committed by South American gangs, DA says

Seven people face felony charges in connection with a series of organized home burglaries in Los Angeles County, including at least 20 thefts linked to work crews throughout the San Fernando Valley, prosecutors announced Tuesday. Los Angeles County District Attorney Nathan Hockman said the suspect is accused of committing “brazen, well-planned and predatory” crimes that…

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