Illinois enacts the nation's strictest digital asset tax law

ChainCatcher reports that, according to a statement by the Crypto Council for Innovation, Illinois Governor Pritzker has signed into law a digital asset taxation bill widely regarded as the most punitive digital asset tax regime in the United States, which would impose a disproportionate tax burden on Illinois residents using digital assets. The Council strongly opposes this measure, warning that it will drive innovators and developers out of the state, and has issued a formal letter of opposition.

ChainCatcher11:12

Express News | Barry Moore, backed by Trump and Fairshake, wins Alabama Republican Senate primary runoff

Breakings10:50

Express News | a16z crypto Policy Lead Criticizes Illinois' Cryptocurrency Tax Law: Taxation Logic Is Illogical and Violates Multiple Federal Laws

Breakings09:29

Waller's Debut: Will the Most Crypto-Savvy Fed Chair in History Bring a Pleasant Surprise or a Shock to the Market?

Waller would be the first Fed chair in history to disclose holdings of virtual assets in financial disclosure filings. Will the most crypto-savvy Fed chair ever bring a pleasant surprise or a nasty shock to the market?

Jinse FinanceJun 16 15:17

Analyst: $60,000 becomes Bitcoin's new accumulation range, with a potential cycle bottom at $48,000.

PANews, June 16 — CryptoQuant analyst Axel Adler Jr. stated in a post that Bitcoin’s adjusted Spent Output Risk Ratio (SSRR) entered the red zone for the first time as BTC dropped to $60,000, with loss-making supply exceeding profit-making supply, indicating significant stress among holders. Historically, this indicator entering the red zone has often coincided with market bottoming periods. Meanwhile, the CVDD valuation model suggests a structural bottom near $48,300—a level that Bitcoin has almost never closed below in its history. Bitcoin has since rebounded to $66,000, smoothing

PANewsJun 16 15:14

Express News | U.S. Congress Pushes to Establish a Cryptocurrency Theft Enforcement and Coordination Task Force

BreakingsJun 16 08:46