Crypto firms rally behind Ted Cruz to block DeFi broker rule

The Blockchain Association, representing 76 crypto firms, urges Congress to repeal the IRS DeFi broker rule, arguing it threatens US crypto innovation and unfairly burdens blockchain firms. Source link

FBI, SEC among top agencies requesting data from Kraken in 2024

San Francisco-based Kraken exchange provided information for 57% of the total 6,826 data requests from global regulators and enforcement agencies last year. Source link

Bitcoin L2 ‘honeymoon phase’ is over, most projects will fail — Muneeb Ali

Stacks’ Muneeb Ali warned that most Bitcoin L2 projects will fade away within three years even as Bitcoin gains dominance over Ethereum and Solana. Source link

Brazil approves first spot XRP ETF as local bank eyes stablecoin on XRPL

The BBRL stablecoin will only be initially available to institutional clients but the bank has big ambitions for expansion. Source link

Crypto voters could tip upcoming Australian federal election: YouGov poll

A recent YouGov poll suggests around 2 million Australians could form a pro-crypto voting bloc at the next federal election slated for May. Source link

Lightning Labs CTO downplays node security bug, citing compromised user

Lightning Labs’ Olaoluwa Osuntokun said the issue appears to be caused by a user’s machine being compromised rather than a bug or vulnerability. Source link

Pi Network mainnet launch: What it means for pioneers

Pi Network’s mainnet launch marks a pivotal moment, offering pioneers the chance to fully utilize their mined Pi, but it also comes with evolving risks and uncertainties. Source link

SEC first pausing crypto lawsuits with imminent deadlines: Report

According to Fox Business’ Eleanor Terrett, this partly explains why the agency hasn’t paused actions against Ripple and Kraken. Source link

The Next Decade, Part 3: The Road Blocks(And Roads Around?)

Bitcoin Banks (or Binks). It’s happening. Guaranteed. Done deal. In the bag. It’s just a question of when? Germany cleared banks to custody and handle Bitcoin and Bitcoin accounts for…

Bitcoin price 'carnage' comes as gold hits new all-time high

Bitcoin price weakness sets it firmly apart from rampant gold gains as a brutal range refuses to budge. Source link