Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, the United States has cleared the path for crypto funds to participate in staking. The Bank of England has opened consultations on its proposed stablecoin framework, aiming to finalize the rules by 2026. Meanwhile, pressure on the crypto market could ease as the US Senate reached a deal to end the government shutdown.
The US Internal Revenue Service (IRS), the country’s tax-collection bureau under the Department of the Treasury, has updated its guidance for cryptocurrency exchange-traded products (ETPs) to include a safe harbor for trusts to stake digital assets.
Treasury Secretary Scott Bessent wrote in a Monday X post that the agencies released guidance offering crypto ETPs “a clear path to stake digital assets and share staking rewards with their retail investors.”
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