According to @rovercrc, crypto exchange OKX is considering an initial public offering (IPO) with the U.S. as its preferred market, a move reported by The Information based on an interview with the firm's CMO, Haider Rafique. The news triggered a significant, albeit brief, trading reaction, causing OKX's native token, OKB, to spike 9.8% from just above $50 to a high of $55.11 before retracing. This potential listing follows a broader trend analyzed by Aaron Brogan of Brogan Law, who points to the recent success of Circle's (CRCL) IPO as a major catalyst. Circle raised approximately $1.05 billion, and its stock rally has fueled confidence for other crypto firms like Kraken and Gemini to also consider going public. Brogan theorizes that Circle's success may be driven by investors paying a premium for crypto exposure via public stocks, anticipated regulatory clarity from the GENIUS Act for stablecoins, and the lucrative revenue from high U.S. Treasury yields held as collateral.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a crypto-friendly tax amendment proposed by Senator Cynthia Lummis. The provision would have waived capital gains taxes on smaller digital asset transactions, but its exclusion means the current tax rules remain unchanged for now, a key point for traders to consider. In a contrasting development, President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration would work toward creating "clear and simple market frameworks" for the industry. Trump also referenced support for stablecoin legislation and his previously announced, though not yet established, plan for a "US Strategic Bitcoin Reserve." This mixed political signal sees Bitcoin (BTC) trading around $108,183 and Ethereum (ETH) near $2,506, showing relative market stability as traders weigh the legislative setback against potential executive support.

According to @rovercrc, analysis from a JPMorgan report indicates that an increasingly favorable U.S. regulatory landscape is driving a surge in crypto corporate activity. Analysts led by Nikolaos Panigirtzoglou highlight the GENIUS Act's progress as a key catalyst, fostering an environment conducive to more crypto company Initial Public Offerings (IPOs) and a rise in venture capital (VC) funding. The report notes that the pace of crypto IPOs this year rivals the 2021 bull market, with companies like Ripple and Kraken reportedly preparing to go public. This trend offers investors new avenues to diversify their portfolios beyond direct holdings of assets like Bitcoin (BTC) and Ether (ETH). Furthermore, the potential passage of the GENIUS Act is prompting mainstream giants such as Amazon, Walmart, and Societe Generale to explore launching their own stablecoins, signaling significant institutional adoption on the horizon.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a key cryptocurrency tax amendment proposed by Senator Cynthia Lummis. The proposed changes aimed to provide significant tax relief for crypto users by waiving capital gains taxes on transactions under $300 and altering the tax treatment of staking and mining rewards. The amendment would have taxed these rewards only upon their sale, rather than upon acquisition and again at sale, which the industry views as double taxation. As the provision was not included, the current U.S. tax rules remain in place, meaning small transactions are still subject to capital gains reporting, and staking and mining rewards continue to be taxed as income upon receipt. This legislative outcome maintains the existing tax compliance burdens for traders, stakers, and miners in the United States. The overall bill, which now heads to the House of Representatives, passed the Senate on a narrow 50-50 vote.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a key cryptocurrency tax amendment proposed by Senator Cynthia Lummis. The proposed changes, which were not adopted, aimed to significantly benefit crypto traders and investors by waiving capital gains taxes on transactions under $300 and altering the tax treatment for staking and mining rewards to be taxed only upon sale, not acquisition. The source states that this amendment would have addressed what the industry considers unfair double taxation on rewards from staking, mining, airdrops, and forks. Despite lobbying efforts from the digital assets industry, the failure of this provision to be included means the current, less favorable U.S. tax rules for crypto activities remain in place, leaving continued uncertainty for market participants. The budget bill now proceeds to the House of Representatives for further debate and voting.

According to @rovercrc, the U.S. Senate has advanced a major budget bill without including a crypto-friendly tax provision proposed by Senator Cynthia Lummis, which sought to waive capital gains taxes on small-scale crypto activity. This legislative development presents a short-term hurdle for the digital asset industry's push for clearer tax regulations. In contrast, former President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising to establish "clear and simple market frameworks" for the industry and support the GENIUS Act for stablecoins. Trump also mentioned plans for a "US Strategic Bitcoin Reserve," though it has not been created yet. Amid these mixed political signals, the crypto market shows slight downward pressure. According to market data, Bitcoin (BTC) is trading at approximately $108,087.58 (BTC/USDT), down 0.75% over 24 hours, while Ethereum (ETH) is priced at $2,523.36 (ETH/USDT), showing a 1.28% decline.

According to Fox News, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment to ease cryptocurrency taxation, which would have waived capital gains taxes on small-scale transactions. For traders, this means the current tax complexities remain in place for now. In a separate development, President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration will work toward 'clear and simple market frameworks' and referencing the GENIUS Act to support stablecoins. Despite these supportive comments, the market saw a slight downturn, with Bitcoin (BTC) trading around $108,700, down approximately 0.5%, and Ethereum (ETH) falling over 1.2% to about $2,552. The legislative inaction on taxes presents a short-term headwind, while Trump's vocal support offers a potential long-term positive catalyst for the digital asset market.

According to @nic__carter, the Czech government has survived a no-confidence vote sparked by its acceptance of a 468 Bitcoin (BTC) payment, worth approximately $45 million, from a convicted criminal. Reuters reports that the opposition accused the ruling coalition of potential money laundering, though the motion failed. This political turmoil occurs as the Czech National Bank has previously considered studying Bitcoin as a reserve asset. Meanwhile, in the U.S., as a major stablecoin regulation bill passed the Senate, disclosures indicate that an entity affiliated with Donald Trump and his family has reduced its stake in World Liberty Financial, a crypto firm with its own stablecoin, from 60% to 40%. This move comes amid ongoing debate about the president's extensive and sometimes murky ties to the crypto industry, which could influence future regulations. The crypto market appears to be reacting to broader uncertainty, with Bitcoin (BTC) trading at $107,788.67, down 1.83% in 24 hours, and Ethereum (ETH) at $2,490.85, down 3.91%. Solana (SOL) also saw a decline, trading at $147.00, a 3.58% drop.

According to @FoxNews, a significant crypto tax amendment proposed by U.S. Senator Cynthia Lummis was not included in the major budget bill that recently passed the Senate. The proposed measure sought to simplify tax obligations for crypto users by waiving capital gains taxes on transactions below $300, with an annual cap of $5,000. For traders and investors involved in staking and mining, the amendment aimed to resolve what the industry calls unfair double taxation by taxing rewards only when they are sold, rather than upon acquisition and again at the point of sale. The proposal also intended to address crypto lending, charitable contributions, and the wash sale loophole which currently allows for tax-loss harvesting. Despite lobbying efforts from the crypto industry, the amendment failed to make it into the final bill, meaning the current tax rules, including the complex reporting for small transactions and the tax treatment of staking and mining rewards, remain in place for now. The broader budget bill now moves to the House of Representatives for another vote.

According to @WhiteHouse, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment for crypto-friendly tax reforms. The amendment aimed to provide significant relief for crypto users by waiving capital gains taxes on transactions under $300 and altering the tax treatment for staking and mining rewards. The proposed change would have taxed these rewards only upon their sale, rather than at the time of acquisition, addressing a key issue of double taxation for the industry. Despite lobbying efforts, the amendment was not included in the bill, which passed on a narrow 50-50 vote and now moves to the House of Representatives for further debate. This legislative setback for U.S. crypto tax clarity comes as the market shows bullish momentum, with Ethereum (ETH) trading around $2,600 (a 6% increase), Cardano (ADA) near $0.60 (an 8.5% increase), and Solana (SOL) at approximately $155 (a 4% increase) in the last 24 hours, based on provided data.

According to @MilkRoadDaily, Wall Street broker Bernstein anticipates the U.S. Senate's GENIUS Act for stablecoin regulation will pass into law within the next few months. The firm's research report states this legislation will transform stablecoins from a crypto-specific tool into the 'money rail of the internet,' driving wider mainstream adoption for digital payments. The act mandates federal regulation for stablecoins with a market cap exceeding $10 billion, giving a significant advantage to U.S. regulated issuers. Bernstein also notes the bill would likely prevent non-financial public companies like Amazon or Walmart from issuing their own stablecoins, compelling them to partner with regulated financial entities for any stablecoin integration.

According to @FoxNews, a significant crypto tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. The proposed changes would have been highly beneficial for crypto traders and investors by waiving capital gains taxes on transactions under $300 and altering the tax treatment for staking and mining rewards. Under the proposal, rewards from staking, mining, airdrops, and forks would only be taxed upon sale, rather than upon both acquisition and sale as under current law. The failure of this amendment to be included means that the current, more burdensome tax regulations remain in place for now, a key consideration for traders calculating profits and for individuals participating in staking. The broader budget bill now moves to the House of Representatives for another vote, but this specific pro-crypto tax measure has suffered a major setback.

According to @WhiteHouse, the U.S. Senate has passed a major budget bill without Senator Cynthia Lummis's proposed crypto tax provision, which would have waived capital gains taxes on small-scale transactions, leaving tax uncertainty for crypto traders. In a separate development, Senate Banking Committee Chairman Tim Scott has set a new deadline of September 30 for finalizing a comprehensive crypto market structure bill, providing a key date for market participants to watch. However, potential delays loom as the House and Senate must reconcile different versions of stablecoin and market structure legislation, with Representative French Hill signaling more work is needed. This ongoing legislative uncertainty continues to influence the market, where recent data shows Ethereum (ETH) trading down approximately 3.7% against USDT to around $2,400.

According to @GOPMajorityWhip, the U.S. Senate has passed a major budget bill without including a key amendment that would have eased cryptocurrency taxation. The proposal, championed by Senator Lummis, aimed to waive capital gains taxes on small-scale digital asset transactions but was not adopted. Despite this setback for crypto tax reform, the source highlights significant legislative progress in other areas, such as the passage of the GENIUS Act to establish clear regulations for stablecoins. The author emphasizes the continued push for broader market structure reform, including the Lummis-Gillibrand Act, to distinguish between digital asset securities and commodities, and calls for a de minimis tax exemption for everyday Bitcoin (BTC) purchases. This ongoing regulatory uncertainty is set against a market backdrop where Bitcoin (BTC) trades at approximately $106,511, down 0.25% in 24 hours, and Ethereum (ETH) is at $2,441, down 0.5%, reflecting potential trader caution.

According to @BillGates, the U.S. is on the verge of cementing its leadership in digital assets as the Senate prepares for a final vote on the GENIUS Act, a landmark bill for stablecoin regulation. The legislation aims to provide clear guidelines for the over $190 billion stablecoin market by mandating high-quality liquid reserves, regular audits, and clear redemption rights, which the source argues is crucial for bolstering the U.S. dollar's global dominance. This legislative push for clarity, which also includes the proposed BITCOIN Act to define Bitcoin's legal status, comes as the market experiences a downturn. Current data shows Bitcoin (BTC) has fallen 1.77% to $105,534.44, while Solana (SOL) has dropped 5.44% to $146.56, underscoring the high stakes of regulatory developments on asset prices.

According to @WhiteHouse, the U.S. Senate has passed a major budget bill without including a key amendment from Senator Cynthia Lummis aimed at easing cryptocurrency taxation. The proposed changes would have waived capital gains taxes on crypto transactions under $300 and altered the tax treatment of staking and mining rewards to only be taxed upon their sale, addressing what the industry considers double taxation. The failure of this amendment to be included means the current, less favorable tax rules remain in effect, creating continued regulatory uncertainty for traders and investors. This legislative development occurred as the cryptocurrency market saw a downturn, with major assets like Ethereum (ETH), Cardano (ADA), and Solana (SOL) experiencing significant price drops. For instance, the provided data shows SOLUSDT fell by over 5% and ADAUSDT declined by over 5.4% in 24 hours, highlighting potential market sensitivity to U.S. regulatory news.

According to @GOPMajorityWhip, traders and investors are facing a mixed regulatory landscape in the U.S. A significant budget bill advanced from the Senate without a crypto-friendly tax amendment from Senator Cynthia Lummis, which sought to waive capital gains on small transactions, leaving the tax treatment of minor crypto trades unchanged for now. On a more positive note for market clarity, Senate Banking Committee Chairman Tim Scott has set a new deadline of September 30 to finalize the comprehensive crypto market structure bill. While this timeline is later than some had hoped, it provides a concrete target for establishing clear rules for the digital asset industry. However, potential delays loom as the House and Senate must still reconcile differing versions of key stablecoin legislation, a critical component for market infrastructure.

According to @rovercrc, the U.S. Senate has passed a major budget bill without including a crypto-friendly tax amendment proposed by Senator Cynthia Lummis. This provision, which aimed to waive capital gains taxes on small-scale cryptocurrency transactions, failed to be added despite lobbying from the digital assets industry. This legislative setback maintains the current state of tax uncertainty for crypto investors in the U.S. The news coincides with negative market performance, as seen with Ethereum (ETH), where the ETHUSDT pair dropped by 3.838% to $2416.53 and the ETHUSD pair fell 3.702% to $2417.29, highlighting how regulatory developments can impact trader sentiment and asset prices.

According to FoxNews, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure legislation, a timeline he described as a "realistic expectation." This development comes as President Donald Trump urges the House of Representatives to immediately pass the Senate's stablecoin bill, the GENIUS Act, without any amendments. However, Representative French Hill, Chairman of the House Financial Services Committee, indicated that there are "subtle, some material" differences between the Senate's GENIUS Act and the House's STABLE Act that need to be resolved. These differences pertain to issues like extraterritoriality and the roles of state and federal regulators. This divergence between the House and Senate, coupled with the fact that the Senate Agriculture Committee must also approve the market structure bill, introduces significant uncertainty for traders and could delay the establishment of a clear regulatory framework for the U.S. crypto market.

According to @Polymarket, U.S. Senator Cynthia Lummis is pushing to include significant cryptocurrency tax reforms in a major budget bill. The proposed amendment would waive capital gains taxes on crypto transactions under $300, with an annual cap of $5,000, potentially lowering the barrier to entry for new users. For traders and network participants, the most crucial change involves the tax treatment of rewards from staking, mining, airdrops, and forks; the proposal seeks to tax these assets only upon their sale, rather than upon acquisition and again at sale, as is current practice. The source also notes this would align the tax policy with actual income realization. Additionally, the amendment aims to address the wash sale rule for crypto, closing a loophole used for tax-loss harvesting. Senator Lummis expressed a goal of finalizing comprehensive crypto legislation before the end of the calendar year, though she acknowledged the process faces bipartisan challenges. These potential changes represent a significant bullish catalyst for the U.S. crypto market, directly impacting the profitability of staking and mining operations and simplifying tax reporting for retail investors.