Weekly Summary: Crypto Debanking Takes Center Stage
This week's highlights include product launches, developments in stablecoin legislation, and Congressional discussions on debanking.
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This week's highlights include product launches, developments in stablecoin legislation, and Congressional discussions on debanking.
Czech President Petr Pavel has enacted a new law that exempts Bitcoin and other digital currencies from capital gains tax for those holding them for over three years.
Jonny NG Kit-chong, a legislator in Hong Kong, calls for rapid implementation of a cryptocurrency framework following discussions with US officials.
Utah is positioned to be the first US state to establish a Bitcoin reserve, facilitated by rapid legislative progress and strong political will.
The Utah House committee has sanctioned a bill allowing the state to invest a portion of public funds in cryptocurrencies.
North Dakota lawmakers are reviewing a new bill aimed at capping transactions at crypto ATMs to protect consumers from scams.

Mike Johnson, backed by Donald Trump, successfully re-elected as House Speaker amidst a divided Congress.
With Donald Trump's re-election and a Republican majority in the House, the path is set for significant crypto legislation.
US lawmaker Ro Khanna intends to limit stock and crypto trading by elected officials to prevent conflicts of interest, citing Donald Trump's ties to the industry.
Stay updated on the recent cryptocurrency news including proposals from Sweden and US tax policy debates.
A proposed bill for a Bitcoin reserve in Massachusetts received minimal engagement during a recent hearing.
The US Senate's recent legislation aims to prioritize domestic sales of AI and high-performance computing chips, potentially impacting the crypto mining sector.

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