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Amid the ongoing overhaul of the US crypto policy and one of its key agencies, the US Securities and Exchange Commission (SEC) reportedly intends to dismiss its enforcement case against the Coinbase cryptocurrency exchange. Indeed, the agency has agreed, in principle, to drop the lawsuit, according to a report from the Wall Street Journal. The decision is now only pending the approval of key commissioners but could signal yet another turn toward embracing the asset class for the Trump administration. Since he was inaugurated in January, the SEC has sought to overhaul its stance regarding the emerging industry. JUST IN: SEC agrees in principle to dismiss enforcement case against Coinbase. — Watcher.Guru (@WatcherGuru) February 21, 2025 Also Read: SEC Launches Cyber Unit to Combat Cryptocurrency Fraud SEC Agrees to Dismiss Coinbase Lawsuit Pending Final Approvals The last several years have seen the SEC form a rather combative stance opposing the cryptocurrency sector. Under Gary Gensle...

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency sector is continuously attempting to sell us new products. This election season, a new political group allegedly eager to support all things pro-crypto is emerging: the bitcoin voter. Coinbase, a cryptocurrency trading platform with more than 100 million users worldwide, has launched its own voter registration initiative and is ranking candidates on their friendliness toward crypto issues. The Crypto Council for Innovation, a pro-crypto trade group that represents platforms like Fidelity and Gemini, purportedly published data last Wednesday purporting to indicate that one in seven voters “hold crypto and say that they are ready to vote for pro-crypto candidates.” In an effort to prove their expertise in the cryptocurrency space, a small but rising number of political campaigns have begun accepting bitcoin donations. All of this is done to support the idea that there might one...

India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can be applied to them. Indian Crypto Exchanges to Provide Details of Coins Traded on Their Platforms to Tax Authority India’s Central Board of Indirect Taxes and Customs (CBIC) has asked major Indian crypto exchanges to provide details about the cryptocurrencies traded on their platforms, Business Standard reported Friday. A senior official was quoted as saying: We had meetings with crypto exchanges on wide-ranging issues relating to the asset class. We have sought a detailed report on different crypto products being traded and their respective transaction fees and how they are getting calculated. In addition, the CBIC is reportedly evaluating the taxability of crypto transactions to determi...

Source: FedotovAnatoly/Adobe A top Russian politician has said that a crypto mining regulation bill has been submitted to parliament – and that the bill would also allow Russians to use crypto “as a means of payment” outside the country. Moscow has previously banned the use of crypto pay domestically. In an interview with Radio Sputnik, Anatoly Aksakov, the Chairman of the State Duma’s committee on the financial markets, stated: “We have introduced a bill that allows [people] to engage in legalized mining . That is, the issuance and circulation of cryptocurrencies. But [under the terms of the bill,] cryptocurrencies can only be used as a means of payment outside Russia – in foreign jurisdictions.” Aksakov, who has acted as Moscow’s chief architect of Russian crypto legislation – both past and proposed – added that the bill would be “a step” in a “new direction” for “the developm...