1h ago
US Representatives Unveil $200 Stablecoin Tax Relief and Five-Year Staking Income Deferral Plan
On December 19, Rep. Max Miller and Steven Horsford introduced a bipartisan discussion draft that would exempt regulated stablecoin payments under $200 per transaction from capital gains tax. The Digital Asset PARITY Act also proposes allowing taxpayers to defer income recognition on staking and mining rewards for up to five years, with those rewards later taxed as ordinary income at fair market value.
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1h ago
1h ago
Adam Liposky details Canopy's layerless L1s, 10,000 TPS tests and 2026 mainnet
On December 23, 2025, Co‑founder and CEO Adam Liposky outlined Canopy's "layerless" approach for launching sovereign Layer 1 networks, with mainnet targeted for early 2026. He cited testnet results of 10,000 transactions per second with instant finality, a 20‑validator foundation, and a 504 million CNPY supply with block rewards split 85%/10%/5% across validators, delegators, and the DAO.
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1h ago
4h ago
Michael Selig Sworn In as 16th CFTC Chair While Caroline Pham Departs for MoonPay Role
Michael Selig was sworn in as the 16th chair of the Commodity Futures Trading Commission after Senate confirmation on December 18, taking over as acting chair Caroline Pham left the agency after nearly four years. During her final year, Pham advanced initiatives such as spot crypto trading on CFTC-registered futures exchanges, a digital asset collateral pilot, and no-action relief for four prediction markets, while Selig has pledged to guide the regulator through a period of rapid technological change.
4h ago
15h ago
Solana Mobile ends Saga security updates; Seeker ships Aug. 4, 2025, SKR in Jan 2026
Solana Mobile has ended software update and security patch support for the Saga phone, warning that app compatibility "cannot be guaranteed" and limiting Saga-specific customer service. Seeker devices remain supported and are slated to ship worldwide on Aug. 4, 2025, with SKR incentives planned for January 2026. The shift raises practical risks for wallets on unpatched Saga devices.
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15h ago