Crypto

With a split among Democrats, the Senate resolution to erase the IRS’ DeFi-focused crypto broker rule passed with a massive majority and is now up to the House.

U.S. President Donald Trump is slated to host the summit.

Sacks’ Venture firm, Craft Ventures, exited its Bitwise position ahead of the new administration, according to a source close to the situation.

The funds, which will include two focused on crypto lending, will go live in April, people familiar with the matter told Bloomberg.

As the U.S. Senate began its process to consider a resolution to erase the recent IRS rule that targets DeFi, the White House cheered it on.

Trump seems to have taken a page out of his real estate negotiations in pitching XRP, ADA and SOL as candidates for crypto reserve to win over approval for bitcoin.

The sharp reversal aligned with a cautious mood among traders after Monday’s market rally following the ambitious plan, as a CoinDesk analysis previously noted.

Mike Selig, the newly-appointed chief counsel for the SEC’s Crypto Task Force, was previously a New York-based partner at Willkie Farr & Gallagher LLP.

The president’s AI and crypto czar says he’s sold his crypto positions, but questions still remain about his other investments.

The U.S. stock market has turned lower as well ahead of coming tariffs against major trade partners.