#USCryptoStakingTaxReview Under current IRS guidance (Revenue Ruling 2023-14), staking rewards are taxable as income when received, even if not sold. This has led to complaints from stakers who pay tax on “phantom income” taxable income without liquidity...
The US crypto staking tax reform is gaining momentum, with lawmakers introducing the Digital Asset PARITY Act to address taxation concerns. The proposed bill offers several key changes: - 🌟Tax Deferral*: Staking and mining rewards would be taxed as ordinary income, but recognition would be deferred for up to 5 years or until sale. - 🌟Stablecoin Exemption*: Transactions under $200 using regulated stablecoins would be exempt from capital gains tax. - 🌟Wash Sale Rules*: Crypto assets would be subject to wash sale rules, preventing traders from harvesting tax losses. -🌟Mark-to-Market Accounting*: Traders could opt for mark-to-market accounting, taxing unrealized gains and losses annually.
The goal is to eliminate double taxation and provide clarity for crypto investors. The bill has bipartisan support, with Representatives Max Miller and Steven Horsford leading the effort .
Gold is crushing it in 2025, surging over 73.6% and hitting a record $4,490, while Bitcoin struggles to keep up, down 30% from its October peak. Why? Investors are flocking to safe-havens like gold amid global uncertainty, geopolitical tensions, and Fed rate cuts ¹ ².
🌟Key Takeaways:🌟
- _Gold's Dominance_: Central banks and investors are piling into gold, viewing it as a reliable store of value. - _Bitcoin's Volatility_: BTC's price swings are making it a riskier bet, behaving more like a tech asset than a safe-haven. - _Institutional Shift_: Gold ETFs drew $19.2B in 2025, while Bitcoin ETFs attracted $13.6B ¹ ².
*What's Next?*
Some predict gold could hit $5,000 by 2026, while Bitcoin's future is uncertain. 🤔
#USGDPUpdate BREAKING The FED just released the U.S. GDP report. • Expected: 3.2% → priced in • Actual: 4.3% The US GDP report just dropped, and it's looking strong! The economy grew at an annual rate of 4.3% in the third quarter of 2025, beating expectations and marking the fastest expansion in two years. This growth was driven by increases in consumer spending, exports, and government spending, partly offset by a decrease in investment ¹ ² ³.
🌟Key Highlights:🌟
- _Consumer Spending_: Rose to a 3.5% annual pace, up from 2.5% in the previous quarter. - _Exports_: Grew at an 8.8% rate, while imports fell 4.7%. - _Inflation_: The personal consumption expenditures price index rose 2.8%, with core PCE inflation at 2.9%.
The report has sparked mixed reactions, with some expecting the Fed to pause rate cuts, while others anticipate a January interest rate cut ⁴ ².
The current price of USDT (Tether) is hovering around $0.9994, with a slight decrease of 0.01% in the last 24 hours. In Indian Rupees, 1 USDT is equivalent to approximately ₹89.489 ¹ ².
"PEPE coin is making moves! 🚀 Currently trading at $0.00000404, with predictions suggesting it could hit $0.000028 by 2025 and $0.0002733 by 2030. What do you think? Bullish or bearish on PEPE? 🤔 #PEPE #BinanceSquareTalks #UpdateAlert