US lawmakers propose adding digital assets to help raise capital gains tax
United States House of Representatives members has suggested tax measures to support a $3.5 trillion spending package, which could have an impact on cryptocurrency users. The proposal, according to a document released on Monday by the House Committee on Ways and Means, would raise the tax rate on long-term capital gains from 20% to 25% […]
SEC chairman Gary Gensler urges crypto firms to ‘come in and talk ‘
The chairman of the US Securities and Exchange Commission, Gary Gensler, is once again urging crypto ventures containing securities to register with the regulatory agency in order to protect investors. In a prepared statement for his hearing before the Senate Committee on Banking, Housing, and Urban Affairs on September 14, Gensler said the Securities and […]
Judge orders Coinseed to shut down and pay $3 million in damages
Earlier this year, the Attorney General of New York won a legal battle against the cryptocurrency investment programme Coinseed. According to a default judgement entered on September 13, Coinseed and its founder Delgerdalai Davaasambuu failed to even respond to the New York Attorney General’s initial complaint. The case was filed in February and accused Coinseed […]
SEC charges media firms assoiated with billionaire Guo Wengui $539M over G-Coins ICO
The Securities and Exchange Commission (SEC) has sued three media firms backed by billionaire Chinese exile Guo Wengui for allegedly raising half a billion dollars through two unregistered securities offerings. GTV Media Group, Saraca Media Group, and Voice of Guo Media all sold stock from April to June 2020, according to an SEC order filed […]
Following Steve Cohen-backed fundraiser NFT firm Recur is now valued at $333M
After completing a successful funding round backed by billionaire Steve Cohen’s family office, NFT company Recur has seen its valuation rise to $333 million. The fund will be used to kickstart the company’s go-to-market plan. According to a release, the Series A received $50 million, primarily through donations from the Cohen-backed investment platform Digital. Hashed, […]