• European regulators are pushing for the creation of a Euro Coin to reduce reliance on USD-backed stablecoins.
• Nearly all stablecoin activity in Europe is currently based on the US dollar, despite rising regional usage.
• The European Central Bank warns that dollar stablecoins could weaken eurozone monetary policy and financial sovereignty.
• The Markets in Crypto-Assets regulation introduces strict rules for stablecoin issuers to ensure transparency and stability.
• Policymakers are debating whether a public digital euro or private euro-backed stablecoins should lead the market.

European regulators are increasing pressure to accelerate euro-denominated digital assets as USD-backed stablecoins dominate the regional market. Rising usage of stablecoins across Europe has created policy challenges tied to monetary control and financial stability. Officials stress the need to act swiftly to defend the euro’s role in the digital economy.

USD-Backed Stablecoins Increase Policy Risks in Europe

Most stablecoin activity in the European Union continues to rely on the US dollar, raising serious strategic concerns among central banks. Although overall usage in the region is growing, almost all transactions are still linked to dollar-based stablecoins. This dependency threatens the autonomy of the European Central Bank in steering monetary policy.

Regulators point to the risk of digital dollarization, which could increase vulnerability to external financial shocks and weaken eurozone influence. The European Parliament highlights that if USD-backed stablecoins become embedded in commerce, ECB policies may lose effectiveness. This could erode monetary sovereignty and widen Europe’s exposure to non-EU financial systems.

Authorities note that eurozone control over its payment system remains crucial, particularly in a time of evolving digital infrastructure. Policymakers emphasize that reliance on foreign stablecoins could disrupt the balance of domestic savings and economic governance. Therefore, the need for a Euro Coin is being treated as a strategic priority.

MiCA Regulation Targets Stablecoin Issuers and Market Stability

In response, the EU introduced the Markets in Crypto-Assets (MiCA) regulation to create consistent rules for stablecoin operations across member states. MiCA mandates reserve requirements, governance standards, and transparency obligations for all stablecoin issuers operating within the European Economic Area. The framework aims to support financial innovation while preserving regulatory oversight.

While MiCA does not ban dollar stablecoins, it encourages euro-denominated alternatives by setting strict compliance pathways and capital controls. These measures seek to lower systemic risks and protect euro-centric monetary functions from erosion due to external currency dominance. It also addresses the cross-border fragmentation that previously allowed regulatory gaps.

Startups have expressed concern about increased costs under MiCA, but EU officials argue the rules improve market clarity and investor confidence. By supporting the rise of a Euro Coin, MiCA strengthens local control and ensures a unified digital policy landscape. Market participants now face clearer obligations regardless of the country of operation.

Public Euro Coin or Private Solutions

As the debate grows, European policymakers are considering both public and private solutions to support euro-denominated digital assets. The European Central Bank is developing a digital euro, but discussions continue over its role versus private Euro Coin issuers. Officials are weighing the impact of centralization against competition-driven innovation.

Proponents of a public Euro Coin argue it would enhance eurozone independence and reduce reliance on dollar-based settlement systems. Others believe well-regulated private stablecoins can meet demand without replacing national currency mechanisms. The future may involve both models coexisting under a harmonized supervisory regime.

For now, the ECB and regulators maintain that a Euro Coin is essential to ensure monetary sovereignty and digital resilience. With usage of USD-backed stablecoins still expanding, the urgency to establish a reliable Euro Coin option remains a central focus of EU financial strategy.

The post EU Pushes for Euro Coin as US Stablecoins Dominate Regional Markets appeared first on CoinCentral.

• The U.S. House of Representatives will review two major crypto regulations from July 14 to 18.
• The Clarity Act aims to define legal operations for investors, brokers, and entrepreneurs in digital asset markets.
• The GENIUS Act focuses on regulating dollar-backed payment tokens, including stablecoin issuance and oversight.
• Congressman French Hill confirmed the legislation is ready after months of work by the Financial Services Committee.
• Lawmakers intend to reduce regulatory confusion and provide a clear structure for blockchain-based innovation.

Two major crypto regulations are scheduled to reach the U.S. House floor between July 14 and July 18. Lawmakers will consider the Clarity Act and the GENIUS Act, aiming to create structured legal frameworks for digital assets. The legislative push responds to growing concerns over regulatory uncertainty and innovation gaps in the crypto space.

Clarity Act Targets Legal Framework for Digital Assets

The Clarity Act proposes clear definitions for how brokers, developers, and investors can operate within U.S. digital asset markets. Lawmakers have emphasized the need for legal standards in response to confusion over what constitutes a security. The bill will provide operational clarity for individuals and businesses active in blockchain and crypto-related services.

With no comprehensive crypto regulations in place, many firms face risk from undefined legal boundaries. This bill seeks to eliminate legal grey areas by setting rules that align with financial service requirements. It will also establish reporting guidelines and compliance expectations for entities operating in the sector.

The legislation covers market structure, asset classification, and regulatory oversight responsibilities among agencies. These measures aim to streamline federal coordination and prevent inconsistent enforcement. The proposed rules will also assist in protecting consumers from unintended violations of financial law.

Stablecoin Oversight Advances Through GENIUS Act

The GENIUS Act addresses dollar-backed payment tokens, including how stablecoins should be issued, governed, and supervised. Unlike other asset classes, stablecoins lack a central regulatory structure at the federal level. The new bill proposes oversight protocols to ensure transparency and safety in their use.

This legislation introduces requirements for issuers to maintain reserves and disclose financial practices. The goal is to establish trust in payment systems that rely on blockchain infrastructure. By doing so, the act supports a safer environment for transactions and settlements involving digital tokens.

🚨BREAKING: French Hill says: “In two weeks, we'll bring the CLARITY Act and GENIUS Act to the House Floor, which give rules of the road for digital assets and dollar-backed payment stablecoins.”$RLUSD 🤝 #XRP pic.twitter.com/V5qQMtVckH

— JackTheRippler ©️ (@RippleXrpie) July 5, 2025

Regulators expect these crypto regulations to strengthen U.S. leadership in global digital finance. With rising competition from other nations, a defined framework ensures American innovation remains competitive. The act also prioritizes consumer protection and legal compliance in the stablecoin ecosystem.

House Prepares Vote on Crypto Regulation

The House will debate both crypto regulations during a designated crypto-focused legislative week starting July 14. In addition to these bills, the House will review the Anti-CBDC Surveillance State Act. Together, these measures represent the most extensive U.S. crypto policy effort to date.

Congressman French Hill confirmed that the financial services committee has finalized both bills after extensive discussions. Lawmakers intend to establish a strong legal foundation for blockchain-based finance.

The post Major Crypto Regulation Set for House Floor Vote This July 14–18 appeared first on CoinCentral.

• Hong Kong will issue its third tokenized green bond as part of its blockchain finance initiative.

• The bond will use distributed ledger technology to improve transparency and transaction speed.

• The government has announced stamp duty relief for exchange-traded funds to boost market liquidity.

• The ETF tax relief and the new bond launch are part of a coordinated financial development plan.

• The LEAP policy framework will begin on August 1 to guide digital asset regulation and growth.

Hong Kong will issue its third tokenized green bond as part of its ongoing financial modernization efforts. This move comes with new stamp duty relief for exchange-traded funds (ETFs) to improve market liquidity. These combined efforts aim to strengthen the city’s position in blockchain-based finance and attract international investment.

Hong Kong Expands Blockchain Bond Strategy

The Hong Kong government will release its third tokenized green bond with a revised issuance schedule in mid-2025. This bond, which aims to increase transparency and speed in green finance transactions, continues the pattern of using distributed ledger technology established in previous offerings.

The Treasury Department continues to lead this initiative, focusing on expanding blockchain use in real-world financial products. The new bond will again feature a digital representation of traditional assets recorded securely on a blockchain. This structure allows quicker settlements and may improve liquidity for institutional and retail investors.

This issuance supports broader goals to modernize infrastructure and aligns with the city’s long-term digital finance roadmap. It will maintain Hong Kong’s strategy of combining regulatory support with technological development. Authorities expect these enhancements to create more efficient financial flows and promote wider market access.

Stamp Duty Relief Introduced for ETF Market Boost

In parallel, Hong Kong introduced stamp duty relief for ETFs to reduce trading costs and enhance investor participation. This measure supports a more active and competitive exchange-traded market in the region. Officials confirmed that the relief applies across a broad range of ETF categories.

The timing of the stamp duty relief aligns with the new tokenized bond launch, suggesting a coordinated financial development strategy. This coordinated rollout indicates a well-structured approach to stimulating investor interest. The measure also aims to build liquidity in both digital and traditional asset classes.

Market participants expect this relief to increase ETF turnover and complement the digital asset growth. The reduced costs are designed to support a more accessible investment environment.

Regulatory Framework Expands to Support Tokenization

Hong Kong will implement the LEAP digital asset policy framework starting August 1 to support digital asset development. The framework covers legal clarity, ecosystem expansion, application development, and professional talent in blockchain finance. It provides a structured foundation for stablecoin licensing and digital product oversight.

Under LEAP, regulators will manage tokenized asset-related risks through updated legal and financial structures. The Securities and Futures Commission will supervise asset dealers and custodians in this domain. Meanwhile, the Monetary Authority and Treasury Bureau will handle tokenization-linked legal responsibilities.

Alongside this, the Legislative Council approved the Stablecoins Bill to support secure digital currency issuance. Institutions can apply for licenses with the Monetary Authority by the end of 2025. Together, these steps reinforce Hong Kong’s strategic push in blockchain-based finance.

The post Hong Kong to Launch Third Tokenized Bond, Introduces ETF Tax Relief appeared first on CoinCentral.

• $WLFI Eyes Decentralization with Token Tradability Proposal

• WLFI May Go Tradable as Governance Vote Nears

• Token Unlock Plan Signals WLFI’s Shift to Open Participation

• WLFI Launch Syncs with U.S. Crypto Week & Pro-DeFi Legislation

• Governance-Driven WLFI to Enable Trading, Limit Team Unlo

World Liberty Financial (WLFI) has launched a community proposal to make its native token tradable across decentralized markets. The proposal seeks approval to enable $WLFI transferability, unlocking broader participation and paving the way for governance-driven expansion. This marks a strategic shift from a closed network model to open ecosystem participation during a pivotal period for U.S. crypto legislation.

$WLFI Tradability Proposal Signals Decentralization Push

The WLFI proposal aims to expand utility and invite broader community engagement. If approved, $WLFI holders will gain the ability to trade on secondary markets and participate in governance actions. The move also begins a phased unlocking process for early supporters, excluding founders and advisors for now.

🇺🇸 On this Independence Day, we’re making history.

The proposal to make $WLFI tradable is now live. Crypto is coming home — and there’s no better day to let freedom ring.

Happy 4th of July from your friends at WLFI and from the new crypto capital of the world. 🌎

🦅 ☝️…

— WLFI (@worldlibertyfi) July 4, 2025

Supporters argue the change will drive broader protocol participation, incentivize active governance, and enhance network reach. Early token recipients may unlock a portion of their holdings at launch, but future releases remain subject to additional voting. Meanwhile, the core team plans a staggered unlock schedule to align with long-term goals.

The governance vote will determine if WLFI transitions to full public tradability or retains its current non-transferable model. Enabling token movement may strengthen transparency and encourage ongoing protocol development. As the network matures, governance rights will expand to include emissions, treasury use, and ecosystem incentives.

Early Supporter Access Begins in Phases

WLFI previously sold tokens to a small group of early backers, but those assets have remained locked inside the network.  If the proposal passes, a portion of these tokens will become accessible. The proposal outlines a two-stage unlocking mechanism subject to ongoing community approval.

WLFI plans to exclude core team, advisor and founder allocations from the initial unlocking phase. These tokens will remain locked under a separate long-term vesting plan. This approach reinforces a commitment to decentralization and continued development stability.

The community will vote on the remaining release schedule, giving holders oversight of future supply shifts. This method introduces accountability while limiting token concentration risks. WLFI’s structure prioritizes gradual distribution and ensures wider access is tied to participation.

Crypto Week and Legislative Momentum Align With WLFI Launch

The WLFI tradability proposal coincides with the U.S. House’s planned “Crypto Week,” starting July 14. Congress will consider landmark bills like the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act. These efforts aim to provide clear legal frameworks for digital assets and block central bank digital currency issuance.

🚨🇺🇸 BIG WEEK AHEAD!
US House officially declares “Crypto Week” starting July 14!

📝 Bills under review:
— CLARITY Act (Crypto rules)
— Anti-CBDC Surveillance Act
— GENIUS Act (Innovation boost)#XRP community, eyes on this 👀
Regulatory clarity could change EVERYTHING! 🔥 pic.twitter.com/bABhuHXvfa

— 𝕏aif🇮🇳|🇺🇸 (@Xaif_Crypto) July 3, 2025

WLFI’s launch aligns with growing federal support for decentralized finance and crypto innovation. Republican leadership has tied these legislative moves to broader goals of establishing U.S. dominance in digital finance. WLFI could benefit from this political momentum as the ecosystem prepares for wider public access.

Federal support for stablecoin and blockchain regulations may ease scrutiny surrounding WLFI and other private crypto initiatives. If adopted, the GENIUS Act could normalize on-chain activity and legitimize protocols like WLFI across traditional financial environments. The synchronized timing positions WLFI to enter the market during a regulatory inflection point.

WLFI governance will immediately expand to include protocol decisions such as emissions, ecosystem spending, and treasury actions. Transferability will empower token holders to propose, vote, and execute changes without centralized control. This shift forms the basis for WLFI’s long-term governance roadmap.

The post WLFI Moves from Closed to Open Network Amid Crypto Week Momentum appeared first on CoinCentral.

• The Capital Markets Board of Turkey has blocked access to PancakeSwap for operating without a license.
• This is the first regulatory action by Turkey against a decentralized exchange in the crypto space.
• PancakeSwap’s native token CAKE saw a daily drop of 3.36 percent following the ban announcement.
• Turkish authorities aim to increase crypto market transparency through licensing and anti-money laundering rules.
• Trading volume on PancakeSwap fell by 23.5 percent to $50.54 million after the restriction was enforced.

Turkey’s Capital Markets Board has blocked access to PancakeSwap, marking its first regulatory move against a decentralized crypto exchange. The authority cited licensing violations and unauthorized service provision, effectively restricting Turkish users from the Binance Chain-based platform. This decision aligns with the regulator’s ongoing efforts to bring structure and legal compliance to the nation’s growing digital asset sector.

The ban on PancakeSwap follows a broader push by Turkish authorities to increase oversight of cryptocurrency platforms. Turkey is enhancing its regulatory framework to protect users from potential financial risks and illicit transactions. This enforcement action signals that all unlicensed exchanges may soon face similar restrictions if they do not comply.

The Capital Markets Board emphasized that only licensed entities can operate within Turkey’s crypto market. PancakeSwap was found to be operating without official authorization, triggering the access block. With this, the regulator continues to advance its goal of improving market stability and investor protection.

PancakeSwap Faces Ban in Turkey Over Licensing Issues

PancakeSwap has now become the first decentralized exchange banned under Turkey’s new regulatory strategy. The exchange, hosted on Binance Chain, failed to meet licensing requirements set by the Turkish Capital Markets Board. This failure led to direct action and an access ban affecting Turkish crypto investors.

Following the ban, PancakeSwap’s native token CAKE dropped by 3.36% within a single day of the announcement. Over the past month, the token has declined by 5%, reflecting market reaction to regulatory pressure. Trading volumes for PancakeSwap also fell sharply, with a 23.5% drop to $50.54 million.

The access block means that PancakeSwap users in Turkey can no longer interact with the decentralized platform. The board recommends using only licensed exchanges to avoid risks related to unauthorized operations. PancakeSwap’s restriction marks a shift towards tighter supervision of decentralized finance platforms in Turkey.

Turkey Strengthens Oversight as Crypto Activity Grows

Turkey’s crypto trading activity rose to 27% in 2024, up from 25.1% in 2023, showing continued user interest. Authorities aim to ensure platforms like PancakeSwap operate within legal boundaries to safeguard that growth. Their strategy focuses on investor safety, transparency, and financial system stability.

The country is preparing new laws to regulate cryptocurrencies and eliminate unregulated service providers like PancakeSwap. Requirements will include enhanced KYC, AML measures, and official licensing for all platforms operating in Turkey. These policies reflect Turkey’s broader ambitions to legitimize and secure its digital finance space.

Other platforms like CryptoRadar have also been banned, underscoring the regulator’s commitment to a compliant market. PancakeSwap’s removal represents a warning to other exchanges operating without proper approval.

The post PancakeSwap Blocked in Turkey Amid Regulatory Crypto Reforms appeared first on CoinCentral.

• FTX has asked the court to approve the treatment of claims from 49 jurisdictions as disputed.
• Chinese users represent 82% of the disputed claim value while making up only 5 percent of approved claims in those regions.
• Affected creditors will have 45 days to challenge their restricted status or lose all distribution rights.
• FTX argues that legal restrictions and licensing issues in certain countries create compliance risks.
• Chinese creditors are pursuing legal action and claim their laws permit crypto ownership and foreign USD holdings.

FTX has requested court approval to formally dispute creditor claims from 49 restricted jurisdictions, citing compliance risks. This decision could impact thousands of creditors in countries where FTX lacked operational licenses or where crypto trading faces legal barriers. Chinese users, although comprising only 5% of allowed claimants in these regions, represent 82% of the total disputed claim value.

The exchange’s proposed framework requires affected users to respond within 45 days or forfeit their rights to any distributions. FTX intends to treat these claims as disputed until legal opinions determine if funds can be legally distributed. The plan aims to minimize legal exposure while creditors from these jurisdictions face additional burdens.

FTX lawyers must also submit sworn statements accepting court jurisdiction and waiving formal service in each objection proceeding. This process introduces delays and legal complexities for creditors who have already waited since the exchange’s collapse in November 2022. These claimants now face greater hurdles due to local regulations and licensing gaps.

FTX Faces Pushback from Chinese Claimants

Chinese creditors are taking legal action to challenge their country’s inclusion on FTX’s restricted list. Many argue that China permits individuals to hold digital assets and transact in foreign currency under specific conditions. They also contend that the use of USD in FTX’s claim settlement process aligns with China’s legal framework.

I’ve already contacted my lawyer in New York and am waiting for her response.

I will definitely take action and will raise objections at every stage.

I also hope more people will step up. We can’t just sit and wait—this is absolutely unreasonable.

While mainland China does not…

— Will的折腾纪 (@zhetengji) July 3, 2025

One claimant has retained a U.S.-based attorney to object at each procedural step in the court process. FTX’s plan, however, treats all affected creditors equally unless legal opinions validate exceptions. The Trust’s actions create uniform treatment, but this also overlooks unique legal environments in each nation.

China, despite banning crypto trading platforms, has not criminalized personal crypto ownership or USD holdings abroad. Claimants question why FTX will not support wire transfers, which could work within China’s current financial rules. They also highlight the commodity classification of crypto in mainland Chinese law to assert their eligibility.

Claims Process and Distribution Status

FTX has completed two major distribution rounds, releasing a total of $6.2 billion to eligible creditors. The first round targeted convenience claims under $50,000, while the second served larger account holders with significant recoveries. Due to compliance risks, these rounds did not include users from restricted territories.

Dotcom Customer Entitlement Claims received 72% of their balances, while U.S. claimants recovered 54% through available channels. General unsecured and digital loan claims saw a 61% distribution, and convenience claims received a full 120% payout including interest. FTX also added Payoneer as a third distribution partner alongside BitGo and Kraken.

Creditor distributions currently exclude restricted jurisdictions entirely, regardless of individual claim merits. FTX maintains that unresolved legal risks justify excluding these regions for now. The court must approve the framework before any claims from restricted areas can proceed.

The post FTX Moves to Dispute Claims from 49 Nations, Citing Legal Barriers appeared first on CoinCentral.

• Former SEC lawyer Marc Fagel stated that Judge Analisa Torres will not be involved further in the XRP Vs SEC Lawsuit.
• Judge Torres’ ruling against Ripple will automatically take effect once both parties dismiss their appeals.
• Ripple has not yet officially filed a motion to dismiss its appeal despite public statements from its leadership.
• Fagel confirmed that the SEC has also not submitted a formal filing to withdraw its appeal.
• He clarified that the recent SEC private meeting was routine and unrelated to the XRP Vs SEC Lawsuit.

The XRP Vs SEC Lawsuit has entered a crucial phase, as legal roles and outcomes begin to take final shape. Former SEC attorney Marc Fagel confirmed that Judge Analisa Torres will not participate in any further proceedings. Her prior ruling will become effective once both parties formally dismiss their appeals.

Judge Torres’ Role Ends in the XRP Vs SEC Lawsuit

Judge Torres previously issued a ruling against Ripple, which remains pending due to both parties filing appeals. However, Marc Fagel clarified that once these appeals are dropped, the verdict will take immediate effect. At that point, the district court will have no further involvement.

Fagel emphasized that Judge Torres has no additional authority over the XRP Vs SEC Lawsuit once the appeals conclude. Her decision remains binding and does not require further review or endorsement. This confirms that Ripple and the SEC must now act independently to close the case.

No. The parties can drop their appeals, at which time her order against Ripple takes effect. Judge Torres has no further role in this.

— Marc Fagel (@Marc_Fagel) July 4, 2025

Despite speculation online, Fagel reiterated that the docket does not reflect any formal appeal withdrawal. Although Brad Garlinghouse mentioned a dismissal, Ripple has not submitted a filing. Therefore, Judge Torres continues to wait for the legal process to complete before her ruling takes effect.

Appeal Dismissal and Settlement Process Await Completion

Although public statements suggest a settlement, neither Ripple nor the SEC has submitted a motion to dismiss their respective appeals. Fagel expects both parties to proceed with dismissal soon, triggering Judge Torres’ ruling. He maintains that once this happens, the case will no longer remain active in her courtroom.

The XRP Vs SEC Lawsuit hinges on final procedural steps, which require formal documentation. Until both parties complete the appeal withdrawal process, the ruling will not apply. Still, Fagel expressed confidence that dismissals are imminent and just a matter of time.

The legal framework dictates that once appeals are withdrawn, no additional judicial involvement is required. Therefore, the SEC and Ripple must finalize the process to implement the ruling. All indications point toward a resolution, pending official court actions.

SEC Meeting Unrelated to XRP Vs SEC Lawsuit

The SEC held a private meeting recently, prompting speculation regarding its connection to the XRP Vs SEC Lawsuit. However, Fagel clarified that the meeting was scheduled well in advance and followed routine procedure. He dismissed the possibility that the Ripple case was discussed during that session.

He further explained that SEC meeting agendas require several weeks of planning before formal votes occur. Thus, recent developments were unlikely to be discussed in this meeting. Any action relating to Ripple would appear on a separate, dedicated agenda.

Although a prior dismissal vote occurred, Fagel noted that SEC procedures typically move slowly. He acknowledged a potential for expedited review but advised that timing remains uncertain. As of now, no SEC filing suggests a conclusive step regarding the XRP Vs SEC Lawsuit.

The post XRP Vs SEC Lawsuit Moves Ahead Without Judge Torres’ Further Input appeared first on CoinCentral.

• Lummis Crypto Tax Bill Offers $300 Exemption, Mining Relief, and More

• Crypto Users Get Tax Breaks: $300 Rule, Mining Relief, Trader Reforms

• New Bill Cuts Crypto Tax Hassles With $300 Exemption and Sale Deferral

• Lummis Pushes Crypto Tax Overhaul With Key Breaks for Users and Traders

• Senate Bill Eases Crypto Taxes: Spend, Mine, Donate With Less Burden

Senator Cynthia Lummis has introduced a new crypto tax reform bill aimed at easing digital asset taxation for U.S. users. The bill includes a $300 de minimis exemption, relief for mining and staking and fairer rules for traders. Lummis intends to bring this legislation to President Trump’s desk before the September deadline.

$300 De Minimis Exemption Targets Day-to-Day Crypto Transactions

The bill proposes excluding crypto transactions under $300 from capital gains taxes, making everyday use more practical for Americans. Taxpayers can claim up to $5,000 annually through this exemption to reduce reporting burdens on small purchases. This approach aims to align digital assets with foreign currency rules already in the tax code.

🚨 BREAKING:

SENATOR CYNTHIA LUMMIS HAS INTRODUCED A NEW LEGISLATION AIMED AT REDUCING TAXES ON CRYPTOCURRENCIES! 📝

„LEVEL PLAYING FIELD“ 😌 #XRP pic.twitter.com/zlf0X9yBqA

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 3, 2025

The legislation adjusts for inflation beginning in 2026 and aggregates related transactions to avoid misuse. It mirrors how the IRS treats minor foreign exchange gains to simplify compliance for digital payments. The goal is to promote crypto as a medium of exchange without huge users with paperwork.

Digital asset users often face difficulty when calculating small gains from frequent transactions. The exemption ensures smoother adoption of digital currencies for everyday use and maintains fairness in tax reporting.

Mining, Staking and Airdrop Gains Deferred Until Sale

The bill aims to change how mining, staking and airdrop rewards are taxed, shifting the taxable event to the point of sale. Currently, rewards are taxed when received, even without conversion to cash, creating liquidity issues. The proposal aligns income recognition with actual economic benefit.

The updated rule helps miners and stakers avoid premature tax bills on unsold or illiquid digital assets. Under the bill’s new Section 451(l), ordinary income would be recognized only when assets are sold. This structure eliminates the double taxation that miners and stakers currently face under the outdated tax framework.

This reform addresses concerns about crypto tax enforcement being overly punitive for non-cash earnings. It ensures that taxation is tied to realized gains, not fluctuating market prices at the time of reward. The bill reflects a more balanced approach to taxing blockchain-based income.

Traders and Donors Gain New Crypto Tax Options

The bill introduces a mark-to-market election for crypto traders and dealers, similar to rules for securities and commodities. Dealers must apply this rule mandatorily, while traders may choose it voluntarily for actively traded digital assets. This change improves tax consistency across financial sectors.

The bill applies similar rules to securities lending under Section 1058 for those lending digital assets. Lending transactions would not trigger immediate tax consequences but would follow adjusted basis and income rules. The provision supports a more efficient crypto market structure.

Charitable donations of crypto also benefit under this bill, as actively traded digital assets will not require a qualified appraisal. This change encourages digital asset donations by treating them like publicly traded securities. Simplifying donation rules supports broader philanthropic use of crypto without bureaucratic delays.

The Senate Banking Committee is focusing on market structure and stablecoin regulation ahead of the September deadline. Lummis must navigate limited floor time and procedural hurdles to advance her proposal. According to the Joint Committee on Taxation, the reforms could raise approximately $600 million between 2025 and 2034. Lummis has also called for public feedback to refine the bill further.

The post Senator Lummis Introduces Crypto Tax Bill with $300 Exemption and Mining Relief appeared first on CoinCentral.

• Bitpanda’s head of public affairs said MiCA enforcement remains inconsistent across the European Union.
• Despite MiCA’s goal of harmonization, national regulators continue to apply the rules differently.
• Bitpanda currently holds three MiCA licenses, the highest among EU crypto exchanges.
• Some regulators conduct strict institutional checks, while others are more flexible in their reviews.
• Bitpanda believes uneven enforcement creates an unfair playing field for crypto firms.

Despite the introduction of the Markets in Crypto-Assets Regulation (MiCA), regulatory differences continue to hinder uniformity across the European Union. Bitpanda’s head of public affairs, Benedikt Faupel, stated that MiCA’s goal of harmonization has not fully materialized. He emphasized that inconsistent enforcement by national regulators creates an imbalance in how crypto firms operate across the region.

Bitpanda Highlights Uneven MiCA Implementation Across Europe

Bitpanda, a Vienna-based crypto exchange founded in 2014, currently holds three MiCA licenses, more than any competitor. Faupel explained that MiCA replaced the need for 17 different national licenses with a single EU-wide framework. However, he noted that regulatory practices still vary widely between member states.

Faupel said some regulators impose stricter checks before issuing licenses, while others conduct in-depth reviews only when necessary. This inconsistency weakens MiCA’s intended harmonization and complicates compliance for firms operating across borders. He underlined that although expected with new regulations, this disparity needs urgent resolution.

According to Faupel, the MiCA framework still provides a strong legislative base for crypto markets across the EU. But he insisted that the current enforcement differences are limiting its effectiveness and fairness. Bitpanda believes closing this regulatory gap is essential for a competitive and mature crypto ecosystem.

Faupel Calls for Improved Reporting Standards Under MiCA

Faupel raised concerns about how regulatory authorities apply MiCA’s reporting requirements across jurisdictions. He said agencies often collect broad data sets without clear criteria on their usage or necessity. This inefficiency can increase operational burdens for compliant firms without adding regulatory value.

He also pointed out that more guidance on data reporting would improve transparency and consistency across all member states. Bitpanda’s team continues to work with EU lawmakers to enhance the clarity of MiCA requirements. These efforts aim to create predictable and equal conditions across the market.

Bitpanda’s public affairs team regularly engages with policymakers in Brussels and national regulators in the countries where it operates. Faupel said their focus remains on ensuring that MiCA enforcement matches its legislative goals. He stressed that Europe’s crypto market can only grow if the framework is uniformly applied.

Bitpanda Expands Amid Regulatory Push

Despite challenges in MiCA enforcement, Bitpanda continues to expand operations across Europe. The firm has opened offices in Berlin, Bucharest, and London to strengthen its regional presence. It also partners with financial institutions to drive crypto adoption.

Reports indicate Deutsche Bank plans to offer crypto custody in collaboration with Bitpanda starting next year. This move signals rising institutional confidence in MiCA’s regulatory stability.

The post Bitpanda Exec: MiCA Harmonization Falls Short Across EU Borders appeared first on CoinCentral.

• The SEC has scheduled a closed meeting for 2:00 PM Eastern Time under the Sunshine Act.
• The agenda of the meeting has not been made public but speculation is rising within the crypto community.
• Analysts believe the meeting could result in the SEC dropping its appeal in the Ripple XRP case.
• Ripple previously dropped its own appeal and agreed to pay the court-imposed fine.
• The legal dispute centers around whether XRP is classified as a security in secondary market transactions.

The U.S. Securities and Exchange Commission has listed a closed meeting for 2:00 PM ET today under the Sunshine Act. The agenda has not been disclosed, but growing speculation links the event to the ongoing SEC and Ripple case. As timing aligns with recent legal movements, market watchers anticipate a potential resolution.

SEC Meeting Sparks Anticipation Across Digital Asset Industry

The SEC scheduled today’s meeting as a closed session, which allows discussions of legal enforcement matters and confidential issues. While the agenda remains undisclosed, the timing has raised expectations regarding the high-profile SEC and Ripple case. Analysts noted that today could mark a turning point in the legal conflict involving XRP.

Ripple Labs previously dropped its own appeal and paid the associated fine in response to prior court rulings. Observers interpreted this action as a signal of Ripple’s intent to finalize the SEC and Ripple case. As a result, many now believe the SEC may respond by ending its appeal as well.

The ongoing case stems from the SEC’s original lawsuit against Ripple over the classification of XRP as a security. The district court ruled that XRP is not a security in secondary market transactions, challenging the SEC’s stance. However, the agency filed an appeal shortly afterward, prolonging the litigation.

Analysts Signal Possibility of Resolution in SEC and Ripple Case

Crypto analyst Xaif speculated on social media that today’s meeting could lead to the SEC dropping its appeal in the SEC and Ripple case. Xaif’s comment follows Ripple’s earlier decision to settle and stop pursuing further legal action after the court-imposed fine. This sequence of events has strengthened assumptions that the regulatory body might reciprocate.

🚨 There were rumors the SEC would officially drop the appeal today (July 3, 2025, 2:00 PM ET) and finally end the case.

👀 9 hours left… will be over soon ??? pic.twitter.com/QJfSuyQLpw

— 𝕏aif🇮🇳|🇺🇸 (@Xaif_Crypto) July 3, 2025

Other community voices have noted that previous discussions aimed to remove the judge’s decision entirely, though those talks ended without agreement. Ripple’s choice to withdraw its challenge and comply may now clear the way for the SEC to settle the SEC and Ripple case. Industry participants are monitoring any developments following today’s meeting.

Some responses have urged restraint, pointing out that past expectations have not always matched actual outcomes in the SEC and Ripple case. Despite this, the industry has maintained interest due to the possible precedent such a conclusion could set. Each regulatory step in this case could shape the digital asset framework in the U.S.

Final Moves May Determine Regulatory Clarity Around XRP

Should the SEC end its appeal, the SEC and Ripple case would close one of the most significant legal disputes in crypto. This decision could offer long-awaited clarity on the classification of XRP and potentially other digital assets. Regulators and market participants alike have followed this case due to its potential long-term impact.

Ripple’s compliance and fine payment may influence the SEC’s final action and bring closure to the long-standing SEC and Ripple case. Any public statement after the meeting could confirm if the speculation aligns with official decisions. Until then, attention remains fixed on the scheduled time of 2:00 PM ET.

If the SEC chooses to finalize the matter, it would resolve a case that has affected XRP’s regulatory status. The conclusion of the SEC and Ripple case could provide a benchmark for future digital asset cases.

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