coinsignals

Democratic Lawmakers Promise Oversight as DOJ Investigation Into Binance Surfaces

Several Democratic senators have pledged to closely monitor a federal investigation into Binance after reports revealed that the United States Department of Justice is examining whether the cryptocurrency exchange violated United States sanctions laws.

Chris Van Hollen, Elizabeth Warren, and Ruben Gallego confirmed that federal authorities are reviewing whether Binance facilitated billions of dollars in transactions tied to Iran and organizations connected to terrorism.

The three lawmakers serve on the United States Senate Committee on Banking, Housing, and Urban Affairs. They explained that the investigation follows an earlier request they made asking regulators to examine the exchange’s adherence to sanctions rules.

Details of the DOJ Investigation

In a joint statement the senators said the reported activity raises serious concerns that Binance may have allowed financial transactions linked to Iranian actors and their affiliated groups despite existing United States sanctions. They also argued that the company has previously prioritized profits over regulatory compliance and warned that the new allegations could indicate further actions that weaken sanctions enforcement.

The lawmakers stated that they intend to carry out oversight to ensure the Justice Department conducts a comprehensive investigation and holds the company responsible if violations are confirmed.

Earlier this week, The Wall Street Journal reported that the Justice Department had begun examining whether Iran used Binance to bypass American sanctions. The exchange rejected the allegations and said the Senate references relied on claims that were false, unsupported, and defamatory.

Subsequent reports suggested that Binance has filed a defamation lawsuit against The Wall Street Journal over the original article published in late February.

Calls for Bipartisan Cooperation

Although Binance has not issued a new statement regarding the latest developments, the company previously pointed out that federal courts in the United States District Court for the Southern District of New York and the United States District Court for the Northern District of Alabama dismissed anti terrorism lawsuits brought against its founder Changpeng Zhao by hundreds of plaintiffs.

The exchange said it remains committed to cooperating with authorities to enforce sanctions laws and expressed willingness to work with both Democratic and Republican lawmakers on the issue.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Vitalik Buterin Distances Himself From Future of Life Institute’s AI Safety Campaign

Vitalik Buterin, co founder of Ethereum, has clarified that his past donation to the Future of Life Institute does not mean he supports the group’s current political approach to artificial intelligence regulation.

Buterin warned that large scale political campaigns aimed at controlling AI development could produce unintended consequences. He believes such efforts might create authoritarian outcomes or trigger a global backlash if governments and corporations compete for control of the technology.

Buterin Explains His Connection to FLI

In a detailed post shared on X, Buterin explained that his connection to the Future of Life Institute began after the creators of Shiba Inu sent him half of the token’s total supply to promote the meme coin. Shortly afterward the token’s market value surged dramatically and at one point exceeded one billion dollars.

Buterin said he expected the surge to collapse quickly, so he moved to convert part of the SHIB holdings into ETH and donated the proceeds to various charitable causes. He sent half of the remaining tokens to CryptoRelief, an initiative focused on medical relief efforts in India, and donated the other half to the Future of Life Institute.

The institute later sold the donated SHIB tokens for roughly 500 million dollars, which was far higher than Buterin had expected given the token’s limited trading liquidity at the time. He explained that he initially supported the organization because of its research agenda focused on major existential risks including biosafety, nuclear threats, and artificial intelligence, along with initiatives he described as promoting peace and knowledge based decision making.

Since then, however, Buterin believes the organization has shifted its priorities toward cultural and political activism. The institute reportedly justified the change by arguing that the landscape has evolved significantly since 2021 and that the rapid progress toward artificial general intelligence requires stronger political responses to counter the lobbying power of large AI companies.

Concerns About Political AI Regulation

Buterin argued that focusing heavily on regulation or political campaigns to control artificial intelligence could lead to fragile systems or highly centralized power structures.

He explained that large coordinated political efforts supported by significant funding could easily produce outcomes that were not originally intended. In his view such strategies could lead to authoritarian solutions or provoke strong resistance from other nations or organizations.

The Ethereum co founder also criticized attempts to restrict biosynthesis tools or AI systems by forcing them to refuse harmful outputs. According to him these types of safeguards can often be bypassed and may encourage governments to ban open source technologies or support a single approved company to dominate AI development.

Buterin warned that strategies like these can easily backfire and risk turning the rest of the world into an opponent.

Instead he advocates a technology focused approach that strengthens society’s ability to defend itself in an era of powerful technologies. He noted that his recent funding efforts include about 40 million dollars dedicated to research aimed at building secure hardware and systems that improve digital privacy and cybersecurity. #crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Crypto Derivatives Activity Grows as Institutions Use Options to Hedge Large Bitcoin Holdings

The cryptocurrency derivatives market is expanding quickly as institutional investors increasingly adopt options to manage risk when holding large digital asset positions.

According to research from Delphi Digital, trading activity in crypto derivatives has accelerated considerably. Volumes on the Chicago Mercantile Exchange are currently about 46 percent higher than the pace recorded during the exchange’s previous record year.

Rapid Expansion of the Crypto Options Market

Delphi Digital noted that the surge in activity reflects growing institutional participation. Funds and asset managers often favor options contracts because they allow investors to hedge large exposures while limiting potential losses to the premium paid for the contract.

The shift toward defined risk instruments became more visible in the middle of 2025 when total open interest in Bitcoin options reached 65 billion dollars and surpassed the open interest of Bitcoin futures for the first time.

While futures are typically used to gain leveraged exposure, options offer traders the ability to protect themselves from significant losses. For example, an investor holding a 500 million dollar Bitcoin position can use options to limit downside risk while still benefiting from potential price gains.

Most options trading activity currently takes place on a small group of centralized platforms. For several years the leading venue for crypto options trading has been Deribit. The platform strengthened its institutional presence after it was acquired by Coinbase in 2025 through a deal valued at 2.9 billion dollars.

Another source of activity emerged when BlackRock launched options tied to its spot Bitcoin exchange traded fund under the ticker iShares Bitcoin Trust in late 2024. This product attracted participation from traditional financial market investors.

At the same time decentralized derivatives markets have grown significantly. Their market share increased from roughly 2 percent to more than 10 percent during the past two years.

Delphi Digital highlighted the progress of Hyperliquid, which has shown that decentralized exchanges can compete with centralized platforms in terms of execution speed and trading transparency.

However, on chain options trading has not yet reached the same level of adoption. Among decentralized options platforms, the firm identified Derive Protocol as the largest currently operating in the sector. The protocol reported more than 700 million dollars in notional options volume during the past 30 days.

The platform originally launched as Lyra Finance in 2021 before rebuilding its infrastructure in 2023. It introduced a gasless central limit order book on its own layer two network built using the OP Stack framework. This structure allows market makers to quote directly on the order book while enabling traders to execute transactions without paying gas fees.

Another project developing similar capabilities is Kyan Exchange, which is currently operating in beta on the Arbitrum network and preparing for a full mainnet launch.

Delphi Digital also noted that demand for options is linked to the growth of structured financial products used by asset managers. These products rely on derivatives to generate yield while maintaining controlled risk levels. Income focused strategies such as covered call products have long been used in traditional markets, where derivative income funds collectively manage more than 100 billion dollars in assets.

Regulatory Developments

The research firm added that the regulatory landscape for crypto derivatives could also be evolving. In September 2025, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint statement that allowed spot cryptocurrency asset trading on regulated exchanges.

Meanwhile the proposed Clarity for Digital Tokens Act remains stalled in the legislative process. If the bill eventually advances, it could become a major milestone that helps provide clearer regulatory rules and encourage broader cryptocurrency adoption. #crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Bitcoin Rejected at $74K as Middle East Tensions Rise While BlackRock Launches ETHB: Weekly Recap

Bitcoin experienced strong volatility on Friday following the release of United States PCE inflation data, though its upward move was quickly stopped near the 74,000 dollar level.

It was another busy week dominated by rapidly escalating tensions in the Middle East. The conflict intensified as both sides continued to strike each other and their allies, developments that have kept global markets on edge.

The cryptocurrency market reacted quickly to the geopolitical news. Bitcoin began the week under pressure, dropping from around 68,000 dollars on Sunday to a multi day low of about 65,600 dollars as traditional financial markets reopened following weekend attacks and political statements.

Buyers soon stepped in to stabilize the market and prevented a deeper decline. Bitcoin then began a gradual recovery and approached the 70,000 dollar mark by Wednesday. After an initial rejection, bullish momentum pushed the price close to 72,000 dollars before resistance forced it back down to around 69,000 dollars when the United States CPI inflation data was released later that day.

Although the inflation figures largely matched expectations, the market remained steady at first. Bitcoin later jumped by nearly 2,000 dollars after Donald Trump stated that there was “practically nothing left to target” in Iran.

After another volatile trading session near 70,000 dollars, Bitcoin attempted another upward move on Friday following the release of January PCE inflation data in the United States, which showed a 0.3 percent monthly increase and a 2.8 percent annual rise.

The cryptocurrency briefly touched 74,000 dollars for the second time in ten days but was rejected again and fell by more than 2,000 dollars shortly afterward. Despite the pullback, Bitcoin remains about 6 percent higher for the week. Other major cryptocurrencies including BNB, XRP, and Solana posted similar gains.

Ethereum performed even better, rising nearly 10 percent during the week, while Hyperliquid surged by roughly 23 percent.

Major Crypto Headlines This Week

BlackRock Introduces Staked Ethereum ETF

The week’s biggest development came from the world’s largest asset manager, BlackRock. The firm launched a new Ethereum exchange traded fund called iShares Ethereum Trust Staking ETF that allows investors to benefit from Ethereum staking rewards. The fund recorded about 15.5 million dollars in trading volume on its first day.

Ripple Targets $50 Billion Valuation Through Buyback Plan

Ripple Labs is reportedly aiming for a 50 billion dollar valuation through a new share repurchase initiative. The program allows the company to buy back up to 750 million dollars worth of shares from employees and existing investors.

Trump to Host Gala for Top TRUMP Token Holders

After months of decline for the TRUMP meme coin, President Donald Trump announced plans to host a special gala for the largest holders of the token. The news triggered an immediate rally, pushing the token’s price up by about 50 percent.

Arthur Hayes Shares Bitcoin Buying Strategy

Arthur Hayes, co founder of BitMEX, remains optimistic about Bitcoin’s long term outlook. However, he believes the asset could fall again due to ongoing geopolitical tensions involving the United States, Israel, and Iran. Hayes indicated he might begin accumulating Bitcoin again if the price drops below 60,000 dollars.

Binance Faces Possible Investigation Over Iran Sanctions

According to a report from The Wall Street Journal, the United States Department of Justice has started examining whether Binance was used to help Iranian linked wallets bypass American sanctions. The exchange has denied the claims and has filed a defamation lawsuit against the publication regarding an earlier article.

Elon Musk Announces Public Access for X Money

Elon Musk confirmed that users will soon receive early public access to the X Money payment feature on X, with the rollout expected to begin in April as part of his plan to expand the platform’s financial services. #crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Strategy’s STRC Offering Reaches Record Single Day Activity

Trading activity for STRC surged by 471 percent, generating capital that could fund the purchase of roughly 4,000 BTC, according to data from BitcoinTreasuries.

On March 12, the STRC preferred stock program run by Strategy achieved a new single day record. The capital raised during the session was enough to support the acquisition of approximately 4,000 Bitcoin.

Data from BitcoinTreasuries also showed that the total funds generated during the week were already sufficient to purchase more than 10,000 BTC. This rapid pace has drawn the attention of investors monitoring how quickly the world’s largest corporate holder of Bitcoin is expanding its treasury.

Record Trading Volume for STRC

In a post shared on X, BitcoinTreasuries reported that about 7.3 million shares were traded during the March 12 session. This figure was 471 percent higher than the stock’s typical daily trading volume.

The platform applies a model that evaluates one minute STRC trading candles throughout the full trading day, including pre market and after hours sessions. When a trading bar closed at or above 99.92 dollars, close to STRC’s 100 dollar par value, the model attributed 40 percent of the trading volume to at the market issuance. After subtracting a 2.5 percent underwriter commission, the remaining proceeds were divided by the session’s average Bitcoin price to estimate the potential amount of BTC purchased.

Using this method, the 7.3 million shares traded on March 12 generated just over 283 million dollars in net proceeds. With Bitcoin’s average price around 70,000 dollars during the session, the total was enough to purchase approximately 4,000 BTC, marking the first time the program has reached this level.

Overall trading value was estimated at around 743 million dollars. The activity drew significant attention from market observers, including analyst Mark Harvey, who suggested the day might become STRC’s first one billion dollar trading session since there were still two hours remaining before markets closed.

Stock Structure Attracts Investor Interest

STRC offers a variable monthly dividend that is currently equivalent to an annual yield of about 11.5 percent. The structure also includes rate adjustments intended to keep the stock trading close to its par value. The instrument allows investor funds to flow directly into Bitcoin purchases while offering a yield focused product that typically experiences less volatility than Strategy’s common stock.

Unlike traditional debt, the dividend is perpetual and does not require repayment of the principal. Harvey recently illustrated how the system works using a hypothetical scenario in which the company issues 100,000 dollars worth of STRC at the 11.5 percent yield to acquire Bitcoin.

Under this example, the company would carry a yearly dividend obligation of 11,500 dollars. The payment would remain fixed, meaning that even if Bitcoin’s price increased tenfold over five years, Strategy’s total dividend obligation would reach only 57,500 dollars. Meanwhile, the value of the Bitcoin purchased could rise by about one million dollars, resulting in an estimated net gain of 842,500 dollars for shareholders.

According to its latest filing on March 9, Strategy held 738,731 BTC following several recent purchases. These include 3,015 BTC acquired on March 2 and a larger purchase of 17,994 BTC announced on March 9 for about 1.28 billion dollars.

At current market prices, the company’s Bitcoin holdings are valued at approximately 53.1 billion dollars, while the total acquisition cost stands at just over 56 billion dollars.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Trump to Headline Gala for Top TRUMP Holders as Token Jumps 50% After Hitting Record Low

The TRUMP token rebounded sharply from a record low following news that Donald Trump will host a private investor gala.

President Donald Trump revealed plans for an exclusive gala and conference for leading investors of the Official Trump (TRUMP) meme coin. The event is scheduled to take place at Mar-a-Lago in April 2026.

Shortly after the announcement, the token price surged by more than 50 percent, recovering from a new all time low reached moments earlier.

Trump’s Second Gala Event

According to the TrumpMeme account on X, the April 25 gathering at Mar-a-Lago is described as the most exclusive crypto and business conference in the world combined with a gala luncheon. The invitation is extended to the top 297 holders of the TRUMP meme coin, who will attend the event alongside the United States president and 18 other yet to be revealed guests.

The event website also promotes a special bonus for select participants. Twenty nine qualifying members will gain access to a VIP reception and a private talk. Eligibility for the VIP experience depends on the time weighted TRUMP holdings recorded on April 10, 2026. Investors must also keep at least the same token balance until April 26 in order to retain full VIP privileges.

This is not the first event of its kind. Last year the president organized a similar gala dinner for the 220 largest investors in the coin. At that gathering, attendees who held more than 111 million dollars worth of TRUMP tokens were given priority seating. In total the event generated roughly 148 million dollars, with some attendees reportedly paying up to 1.5 million dollars for a seat.

The event drew criticism from some observers who argued that the president was directly profiting from his position by linking access to him with cryptocurrency investments. Certain legal experts also described the dinner as a straightforward bribe, suggesting that investors were essentially paying for influence.

TRUMP Token Rebounds Over 30 Percent

Before news of the gala surfaced, the meme coin had been in a steady decline. Its price fell from nearly 5.80 dollars in January to a new all time low of 2.73 dollars on March 12 according to data from CoinGecko.

Following the announcement, the token quickly surged to around 4.5 dollars before settling near the 4 dollar level at the time of reporting.

The team behind the project has recently introduced several initiatives designed to renew interest in the token. Last month they revealed plans for yield and liquidity programs through vaults on Kamino Finance along with new market makers and a funding program aimed at supporting projects within the ecosystem.

Despite those efforts, trading activity had remained weak and the token continued trending downward. However, the latest rally has pushed the price up by more than 30 percent in the past 24 hours. Longer time frames also show gains. Over the last seven days TRUMP has climbed more than 25 percent, while the increase over two weeks stands at nearly 15 percent.

On a monthly basis the meme coin is up more than 28 percent. Even so, it remains down close to 60 percent compared with a year ago and still trades roughly 95 percent below its all time high reached in January 2025.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Dubai TOKEN2049 Conference Postponed Due to Geopolitical Concerns

One of the largest annual cryptocurrency events, TOKEN2049 in Dubai, has reportedly been postponed and rescheduled for a later date.

According to Wu Blockchain, the Dubai edition of TOKEN2049 will now take place on April 21 and April 22 in 2027. The conference was originally scheduled to be held in April this year.

In an official statement, the organizers explained that the decision was made after careful consideration. Preparations for the event had been progressing well, but the organizers emphasized that ensuring the global cryptocurrency community can gather safely and at the scale and quality associated with TOKEN2049 remains their top priority.

The postponement comes only a few days after event organizers had stated that the conference would still proceed despite other industry events pausing their plans amid rising geopolitical tensions.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Ignoring Slippage Warning Leads to Costly 50 Million Dollar Crypto Trade

A trader recently learned the risks of ignoring slippage warnings after attempting a massive token swap worth 50 million dollars. The user tried to buy Aave tokens using 50 million dollars in Tether through the Aave interface, but the transaction produced a highly unfavorable result.

The trade took place on March 12 and ultimately left the trader with only 324 AAVE tokens after execution.

Large Trade Triggers Slippage Warning

According to Stani Kulechov, founder and chief executive of Aave Labs, the user placed a single extremely large order using the Aave interface. The platform relies on routing infrastructure provided by CoW Swap to execute swaps.

Because the order size was unusually large, the interface displayed a warning about severe slippage. The user was required to confirm acceptance of this risk before the trade could proceed.

The confirmation appeared as a checkbox that had to be manually accepted. Kulechov explained that the trader confirmed the warning on a mobile device and decided to continue with the transaction.

Due to the market conditions and the limited liquidity available through the routing path, the final execution delivered only 324 AAVE tokens in exchange for the full 50 million USDT order.

Kulechov emphasized that the transaction could not have occurred without the user explicitly acknowledging the warning and agreeing to proceed despite the risks. He added that the routing infrastructure worked as intended and that the integration with CoW Swap follows common practices used throughout the decentralized finance sector.

Liquidity Limits in DeFi Markets

The final outcome was far worse than what traders would typically expect in a more liquid market environment. Kulechov noted that high slippage events can occur in decentralized finance when users attempt to place trades that are significantly larger than the available liquidity in the market.

However, he also pointed out that the scale of this transaction was far larger than most trades usually seen in the DeFi ecosystem.

Following the incident, the Aave team expressed sympathy for the trader and said it would try to contact the user directly. The protocol also plans to return roughly 600000 dollars in fees collected during the transaction.

Kulechov added that while maintaining the permissionless nature of decentralized finance remains important, the industry can still introduce additional safeguards to reduce the chances of similar situations occurring in the future.

Balancing User Freedom and Safety

CoW Protocol, the decentralized exchange aggregator behind the routing infrastructure, also responded publicly. The team said that blocking users from making trades entirely could remove important choices and sometimes lead to worse outcomes.

At the same time, the organization acknowledged that the event highlights ongoing challenges in the user experience of decentralized finance platforms. The team said it is now reviewing how to better balance strong protective measures while still allowing users to maintain control over their transactions.

The platform also confirmed that it will refund any fees that were sent to CoW DAO.

Crypto Community Reacts

The incident quickly sparked discussion across the cryptocurrency community. Crypto analyst Autism Capital described the situation as a valuable lesson about handling large sums of money in decentralized markets.

Another commentator, KJ Crypto, questioned the motivation behind attempting to purchase 50 million dollars worth of AAVE in a single transaction, suggesting that such a move naturally raises questions about the trader’s strategy.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Will the Expiry of 1.9 Billion Dollars in Bitcoin Options Move the Market Today

Another Friday has arrived, bringing with it a fresh round of cryptocurrency options contracts set to expire while spot markets record modest gains.

Roughly 27000 Bitcoin options contracts are scheduled to expire on March 13. These contracts have a total notional value of about 1.9 billion dollars. Compared with previous weeks, this expiry event is relatively small, which suggests it is unlikely to have a significant effect on spot market prices.

Throughout most of the week, cryptocurrency prices remained largely stable. However, markets saw some improvement on Friday, with the overall market capitalization rising by about 150 billion dollars since Monday. Despite this increase, both trading volumes and volatility have remained relatively low.

Bitcoin Options Expiry Details

This week’s batch of Bitcoin options carries a put to call ratio of 0.97. This figure indicates that bullish and bearish positions are nearly balanced.

Data from Coinglass shows that the maximum pain level is around 69000 dollars, which is close to current market prices. Because of this, many options contracts could end up profitable at expiry.

Open interest, which measures the number and value of outstanding options contracts that have not yet expired, remains highest at the 60000 dollar strike price on Deribit. At this level, traders have placed about 1.7 billion dollars worth of bearish positions. Across all exchanges, total Bitcoin options open interest has been rising this month and has now reached approximately 45.5 billion dollars.

Analysts from Greeks Live noted that the market has shown signs of recovery. According to their observations, Bitcoin has managed to remain above the key psychological level of 70000 dollars and may soon attempt to test the 75000 dollar range.

The firm also observed that the forward implied volatility curve remains relatively flat beyond March. This suggests that markets are currently pricing longer term options with balanced risk expectations as sentiment across the crypto sector remains stable.

Ethereum Options Also Expiring

Alongside Bitcoin contracts, about 185000 Ethereum options contracts are also expiring today. These contracts have a notional value of around 382 million dollars.

For Ethereum, the maximum pain level is estimated at 2000 dollars, while the put to call ratio stands at 1.2. Across all exchanges, total Ethereum options open interest is currently about 7.9 billion dollars.

Together, the expiring Bitcoin and Ethereum contracts represent a combined notional value of approximately 2.3 billion dollars in crypto options.

Outlook for the Spot Market

Spot markets moved slightly higher on Friday morning during trading in Asia. The total cryptocurrency market capitalization has climbed back to around 2.5 trillion dollars, marking its highest level in about a week.

Bitcoin briefly approached 72000 dollars in early trading but encountered resistance near that level and began to pull back.

Meanwhile, Ethereum performed somewhat better, gaining about 4 percent and moving just above 2100 dollars.

Many altcoins also recorded gains during the day, including Solana, Hyperliquid, Avalanche, and Sui.

One of the biggest movers was Pi Network, whose token PI surged by about 33 percent to 0.29 dollars following its listing on Kraken.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net

Brian Armstrong Rejects Claims Coinbase Opposed Bitcoin Tax Exemption

Brian Armstrong, the chief executive of Coinbase, has denied allegations that the company is lobbying against a tax exemption for small Bitcoin transactions in Washington. He described the claims as completely false.

The controversy has drawn attention from Bitcoin supporters, tax experts, and crypto lobbyists, highlighting a broader debate about whose interests large crypto companies represent when engaging with lawmakers in the United States.

Allegations Raised by Bitcoin Advocates

The accusations were first made by Truth for the Commoner, often known as TFTC, a Bitcoin focused media account with close to 100000 followers on X. In a post published on March 11, the account claimed that Coinbase had told legislators that Bitcoin is not widely used for payments and that a tax exemption for small BTC transactions would be unlikely to pass.

TFTC also argued that Coinbase could have financial incentives to oppose such a policy. The account stated that the exchange generated about 1.35 billion dollars in stablecoin related revenue last year. Most of that income reportedly came from interest earned on United States Treasury securities backing the reserves of USDC.

According to TFTC, if small Bitcoin transactions were exempt from capital gains taxes while stablecoins were not, Bitcoin could become a more appealing option for payments. That shift might pull users away from Coinbase’s stablecoin ecosystem, which generates revenue through yield.

Proposed Legislation

In 2025, Cynthia Lummis, a senator from Wyoming, introduced legislation aimed at modernizing digital asset tax rules. The proposal included a provision that would allow a tax exemption for crypto gains on transactions worth up to 300 dollars.

According to TFTC, a related version of the proposal in the House of Representatives includes a lower threshold of 200 dollars and is limited to stablecoins.

Armstrong responded directly to the accusations on social media, saying that he has personally spent significant time advocating for a Bitcoin tax exemption for small transactions and plans to continue doing so.

Disagreement Continues

Despite Armstrong’s denial, Mart Bent, co founder of TFTC, maintained that sources had told him a different story. He clarified that his claims did not necessarily involve Armstrong personally but may involve members of Coinbase’s team or its lobbyists.

Bent also questioned whether Armstrong would withdraw support from pending crypto market structure legislation if it did not include a Bitcoin tax exemption. Earlier in the year, Armstrong had stepped back from supporting the CLARITY Act after disagreements related to stablecoin yield provisions.

A Complex Policy Discussion

Meanwhile, tax attorney Jason Schwartz, who is widely known online as CryptoTaxGuy, offered additional context to the debate.

He suggested that the conversation may be mixing several different policy proposals together. These include a tax exemption for small personal crypto transactions, a potential exemption for gas fees, changes to reporting rules for stablecoins, and a proposal that would treat stablecoin gains and losses as having zero value for tax purposes.

Schwartz noted that different participants in the crypto industry will naturally advocate for policies that benefit their specific interests. In his view, that does not necessarily mean one group is trying to eliminate another policy proposal.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net