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Illinois Crypto Tax in FY2027 Budget Awaits Governor's Approval

Illinois Crypto Tax in FY2027 Budget Awaits Governor's Approval

Illinois' FY2027 budget includes a 0.2% crypto tax, potentially generating $60M annually, but faces criticism from industry groups.

Coinbase Crypto Exchange to Launch Bitcoin-Backed Loans to US Clients

Coinbase Crypto Exchange to Launch Bitcoin-Backed Loans to US Clients

Coinbase announced yesterday that it was going to offer Bitcoin-backed loans to their US customers, set to be in effect for fall of this year.

US Fed Chair Jerome Powell Grilled Over FedCoin Digital Currency Progress

US Fed Chair Jerome Powell Grilled Over FedCoin Digital Currency Progress

Federal Reserve chairman Jerome Powell spoke before the US House Financial Services Committee. He was questioned regarding the central bank’s digital currency efforts, China, and Libra. He said that they are working hard on the digital currency.

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