'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the U.S. Treasury Department issued its long-awaited tax regime for cryptocurrency transactions. Plus, the U.S. SEC alleged MetaMask's Swaps and staking products violated federal securities laws in a lawsuit against Consensys.
The US. Treasury Department issues a crypto tax regime and the SEC sus consensus over its metamask service. You're watching Coin Desk daily, I'm your host, Jen Sani. The US Treasury Department has issued its long awaited tax regime for Cryptocurrency transactions. The rule released on Friday will go into effect starting in 2025.
The suit also targeted Ethereum staking service, Lido and Rocket Pool. The third party platforms. Meta mask uses to power its staking feature. Consensus previously sued the SEC is seeking a court order declaring Ether to not be a security and to end the S ECs investigation into the firm, and Sony is planning to restart the crypto exchange Whale Fin, which it bought from Crypto Lender Amber Group last year.
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SEC sues Consensys over MetaMask swaps and staking servicesThe Securities and Exchange Commission also alleged that Lido and Rocket Pool's staking programs are securities.
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Crypto company Consensys sued by SEC as regulator continues industrywide crackdownThe SEC on Friday filed sued against blockchain software company Consensys, alleging the improper sale of securities.
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