Senator Lummis’s Crypto Bill May End Double Taxation

Senator Lummis’s Crypto Bill May End Double Taxation

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The American Senator Centeh Lomes submitted a draft draft on Thursday that suggests exempting some tax encryption transactions and tax delay on mining and driving bonuses until the basic symbols are sold.

“My legislative guarantees that Americans can participate in the digital economy without unintended tax violations.” He said the snow.

The Senate Bill draft was published three weeks after the direction and construction of the national innovation of US Stablecoins, or The verb of the genius, passed The Senate mentioned in 68-30 votes on June 11.

the Genius “The legitimacy” of the institutional participants by setting clear guarantees standards, and supporting them as “a better form of money.”

The increasing American organizational clarity may enable more Traditional financial players To search for decentralized financial services, due to the disappointment of traditional banking services, according to the founder of AAVE Labs Stani Kulechov.

“Thanks to the terrible banking experiences, we have seen a lot of funding in Fintech, and Fintech applications are able to get a lot of their share in the market.”

behind Decentralized financing (Defi)the Distinguished symbol KULECHV, of the real world’s assets, added a “billions of dollars in the encryption sector” to interact with traditional financing, and Kulechov added.

Stani Kulechov on stage at Ethcc 2025 in Cannes, France. source: ethcc

In the wider encryption space, Chainlink, the Oracle Blockchain network of Crosschain, was launched. New compliance framework It aims to open more than $ 100 trillion of institutional capital for the encryption market.

Sergey Nazarov, co -founder of ChainLink, said, “The Acklink Ace series is the standard and identity that is awaited by the distinctive asset economy, as today provides a final brick for more than $ 100 trillion of institutional capital to move onchain,” said Sergei Nazarov, co -founder of ChainLink, said.

Sinator, USA Cennis Lomes, an independent encryption tax bill

The American Senator Centeh Lomes submitted a draft draft law on Thursday, as it defined many provisions to reform the tax law and exempt some digital asset transactions from taxes after the failure of encryption adjustments in the budget package.

the invoice The minimum exemption for digital assets and capital gains is proposed for $ 300 or less, with the maximum annual exemption process of $ 5,000.

Senator Wyoming also explained provisions to exempt encryption lending agreements Digital assets used in charitable contributions From taxes. In addition, the draft law proposed to postpone mining taxes Staking bonuses Until the basic assets are sold. Lomes He said:

“This pioneering legislation is completely pushed, penetrates the bureaucratic red tape, and establishes the rules of proper code that reflects how digital technologies work in the real world. We cannot allow our old tax policies to strangle American innovation.

“My legislative guarantees that the Americans can participate in the digital economy without unintended tax violations,” she added.

Senator Lomes draft draft law. source: Senator Lomes

The independent draft law is now the best opportunity for Senator in Wyoming to pass the pro -legislation for the promised quarter of the encryption community after sENATOR passed the spending bill Without treating digital assets.

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$ 250 million from Ondo Catalyst refers to the “armament race” for the RWA Tokeenization code

Pantera Capital Capital Protocol Plan Pantera Capital to increase investment in real assets (RWAS), highlighting the increasing focus on the distinctive symbol of the industry amid favorable organizational developments in the United States.

Both companies know Intuition They are planning to invest $ 250 million in RWAS through a new box called Ondo Catalyst. Ian de Body, chief strategy official in Oondo, said the money will be invested to gain shares and symbols in emerging projects.

“We see some of the arms race at the present time” in the distinguished code market. In particular exchanges are zero in the distinctive stocks and the boxes traded on the stock exchange (ETF).

like Cointelegraph recently mentionedRobinhood digital company Robinhood launched a new layer of Blockchain to enable European customers to trade American stocks and make money.

in May, Cracks announced plans To provide the distinguished American trading code for investors outside the United States.

Meanwhile, exchange of encryption Coinbase is said to follow organizational approval To offer symbolic shares, a step that will help them compete with Robinhood and other trading platforms.

Ondo Finance was collected to press on ONSAIN Finance, where he recently announced the formation of a Global Markets Alliance With many encryption companies to pay Blockchain’s capital accreditation. On Thursday, the company announced that the OKX portfolio joined the alliance.

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Vanxx and Wab doubles a quarterly size to $ 530 billion, as promotions enhance growth

Pancakeswap, a multi -time decentralized stock exchange, has reported a record 325 billion dollars in the trading volume for June, the highest monthly trading volume in the history of the five -year platform.

The total of June exceeded $ 174 billion and the volume of fangs and Wab in the second quarter to 530 billion dollars, more than twice 211 billion dollars registered in the first quarter, according to data from sand dunes analysis.

The monthly size of Pancakeswap Dex and TRADER: Sandin dune analyzes

The increase in the activity follows a series of modern promotions, including the April April of Pancakeswap Infinity, which has provided many features designed to improve the user experience and trading efficiency.

The upgrade introduced fewer gas fees, customized liquidity baths using “hooks”, and support for advanced liquidity providers through the types of Clamm and LBAMM collection.

Chef Kids, President Pancakeswap, Cointelegraph, told Pancakeswap Infinity that provides major advantages for developers and liquidity providers. For developers, the platform allows the integration of new gathering types and custom suits without republishing smart contracts or launching new versions, which “significantly reduce the general expenses of development and accelerate innovation.”

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FATF coding list hints in the following organizational campaign

The coded currency regulations are increasingly in line with international standards, as 73 % of qualified judicial states have now approved laws to implement the Business Business Business Base (FATF).

Travel base imposes encryption service providers to collect and exchange transactions data for users, similar to traditional financing requirements. On June 26, Faf Absolute Its annual report, which clarifies the extent of modern organizational movements by the judicial states, is close to its global framework to combat money laundering (AML).

This is a direct result of a long campaign by FATF to make encrypted currencies in line with traditional AML and monitoring standards (CFT).

FATF highlighted Stablecoins and decentralized financing (Defi) for the second year in a row, highlighting its increasing use in illegal financing, including North Korean actors. The organization said it plans to issue targeted papers on Stablecoins, encryption platforms abroad and Defi by next summer, hinting to the place where Global Crypto Lugment may go after.

The FATF’s AML/CFT priorities are treated as a review list by the organizers. source: Joshua Chu

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Crowd losses amounted

Blockchain Security Certik said that the losses made on encryption, exploitation and fraud increased to $ 2.47 billion in the first half of 2025, but the second quarter witnessed a decrease in the total number of breakthroughs.

More than 800 million dollars were lost through 144 accidents in the second quarter, a decrease of 52 % in the lost value comparison With the previous quarter, with 59 fewer piracy accidents, CERTIK He said In a report on Tuesday.

In total, the first half of 2025 witnessed more than $ 2.47 billion of losses Because of breakthroughs, fraud and exploitsAn increase of approximately 3 % more than $ 2.4 billion stolen in 2024.

However, given more than $ 187 million that has been returned throughout the first half of the year, CERTIK said that the average total is closer to $ 2.2 billion.

source: certificate

Despite the rise in losses, CERTIK said it “does not necessarily refer to a deteriorating security scene” because the lion’s share of losses came from only two incidents, against the Crypto Exchange and CETUS protocol, at a value of $ 1.78 billion.

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Defi market overview

According to data from Cointelegraph Markets Pro And TradingView, most of the 100 most encrypted currencies ended according to the week’s market value in green.

Pencilbed Pencils (PledgesThe distinctive symbol increased more than 66 % as the largest winner of the week, followed by Bonk (Bonk(Memecoin, with an increase of approximately 25 % on the weekly graph.

Total closed value in Defi. Source: Devillama

Thanks for reading our summary of the most influential Defi developments this week. Join us next Friday for more stories, visions and education regarding this dynamically advanced space.