US

US Congressman Matt Gaetz has proposed a bill to make federal income tax payable using Bitcoin. The bill’s passing will be a significant development for crypto adoption, but it will also have ramifications for Bitcoin investors. Matt Gaetz Proposes Bitcoin for Federal Income Taxes Florida Rep. Matt Gaetz wants the Internal Revenue Code of 1986 amended so that Federal income tax becomes payable in Bitcoin. The bill calls for the Treasury to allow any tax imposed on a taxpayer to be…

The post US Congressman Matt Gaetz Proposes Bill to Accept Bitcoin for Federal Tax Payments appeared first on Coinpedia Fintech News Congressman Matt Gaetz, a Republican from Florida, has proposed a bill that would enable federal income tax payments in Bitcoin. Initially reported by the Daily Wire, this legislation seeks to modify the Internal Revenue Code of 1986 by directing the Secretary of the Treasury to develop a strategy for adding Bitcoin into tax payment options. Bitcoin’s Demand Grows Amid…

Anthony Scaramucci, the founder of SkyBridge Capital, has predicted that Bitcoin could reach new all-time highs (ATH) when his preferred presidential candidate wins. He also claimed that crypto “has already won” following recent developments in the industry.  Bitcoin Could Rise To As High As $250,000 When Joe Biden Wins Scaramucci mentioned during an interview on Unchained that he believes that the market will witness a new ATH for Bitcoin during a second Biden administration if the incumbent US President wins…

The post Top 10 PolitiFi Altcoins To Buy Ahead Of The US Elections 2024  appeared first on Coinpedia Fintech News As the U.S. Presidential elections are coming closer, the cryptocurrency market comes with a new segment of tokens to participate in this hype. With a twist to the meme coins, the crypto market grows interested in such political-themed Polifi coins.  This new sector comes with interesting coins based on the previous President of the United States and the current Republican…

The post Cathie Wood’s Vote for Trump: Will Crypto Win Him the US Elections 2024? appeared first on Coinpedia Fintech News Crypto is set to be a significant topic in the upcoming US presidential election in November. The SEC’s recent approval of spot Bitcoin ETFs and the potential approval of spot Ether ETFs tied to Ethereum have intensified the political involvement around cryptocurrencies.  Crypto-Friendly Trump for the Win? Adding to the drama, Ark Invest CEO Cathie Wood announced her intention…

Ripple’s CEO calls for U.S. to lead in blockchain despite regulatory challenges. SEC may not appeal recent partial ruling in Ripple’s favor, suggesting case resolution. Despite continuing governmental obstacles and a fresh lawsuit against the company, Ripple CEO Brad Garlinghouse restated his goal for the United States to lead the world in blockchain and cryptocurrencies. Jack The Rippler, a well-known Ripple enthusiast, posted an excerpt from Garlinghouse’s CNBC interview. Garlinghouse voiced worries in the interview about the resistance the U.S.…

The current hot narrative in crypto is “election meme coins," hence the forthcoming US presidential debates taking place on June 27, which bodes well for Donald Trump-themed tokens TrumpCoin (DJT) and MAGA simply for his recent endorsement of crypto. However, the ETFSwap (ETFS) is top among altcoins to benefit most from the debate-induced hype, as it offers a utility that transcends political agendas. Altcoins With Potential: ETFSwap (ETFS) Satisfies The American Dream ETFSwap is buzzing among US and global investors…

Bitcoin languishes at the important $64,000 support. With the dollar still making hay as rates stay high, how will Bitcoin attract the liquidity to be able to break out of its current range bound prison? US dollar trending higher The US dollar has been trending higher since July 2023. A 5% interest rate, arrived at in the fastest amount of time in US economic history, has recently been putting the dampers on Bitcoin and the crypto market. Of course, there…

A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation.  The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023 and is currently facing extradition demands from the US and South Korea.  Opposition Calls For Resignation According to Bloomberg, Milojko Spajic has claimed that the…