The United States Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin exchange-traded fund (ETF) could come any day now. And when it does, many believe that everything will change. But is the United States ready for an onslaught of first-time crypto investors? Regarding tax compliance, maybe not. Crypto investors will have to pay taxes…
Ether price broke the resistance at $2,400 for the first time since May 2022, as traders turned their attention to the possibility of an Ethereum exchange-traded fund (ETF) coming after a spot Bitcoin ETF is approved. Ether price rose sharply from the opening price of $2,343 on Jan. 10, soaring more than 7.8% in the last…
While the crypto industry at large celebrated the long-awaited, landmark approval of spot Bitcoin ETFs in the United States, not everyone was pleased with the Securities and Exchange Commission’s decision. In a Jan. 10 statement, SEC Commissioner Caroline Crenshaw — one of two commissioners to vote against the approval — wrote that the agency’s move to greenlight the Bitcoin-based…