Over Half Of US Crypto Users Don’t Understand This Scary Tax Rule

The majority of crypto customers still don’t understand how crypto is taxed, mistakenly believing simple transfers trigger tax events. Well intended crypto-tax confusion Although most crypto investors intend to comply with tax law, major confusion reigns amongst traders about cost basis, taxable events and evolving IRS regulations, Coinbase’s new 2026 Crypto Tax Readiness Report shows.…

Circle (CRCL) Crashes Below $100 After Senate Revises Crypto Bill To Ban Stablecoin Rewards

Circle Internet Financial, the issuer behind the USDC stablecoin — the second-largest dollar-pegged cryptocurrency — saw its stock, CRCL, tumble 22% on Tuesday to $98 as lawmakers reportedly moved to tighten rules around stablecoin yields.  The selloff followed reports that a revised draft of the Senate Banking Committee’s CLARITY Act would broadly prohibit platforms from…