The U.S. Treasury Department has officially rescinded the cryptocurrency broker reporting rule.

By: theblockbeats.news|2025/07/10 16:21:59

BlockBeats News, July 10th, according to Bloomberg, the U.S. Treasury Department has officially scrapped the cryptocurrency broker reporting rule.

The rule originally required decentralized cryptocurrency exchanges to report customer transaction information to the U.S. government for tax purposes. Earlier, U.S. congressional Republicans voted to repeal the rule through the "Congressional Review Act," which was signed into law by President Trump in April this year.

Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...

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July 5 Market Important Events Overview

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

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Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

Strategy Founder: The Next 10 Years of Bitcoin

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Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

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A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by

As a core asset in Baidu's AI landscape, Kunlun Chip is expected to exceed Baidu's market value after going public, becoming an important bargaining chip in its turnaround battle.

Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play

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Cape Verde 2-3 Argentina: The Underdog Team That Stunned the World in Defeat

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Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

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Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

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Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

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A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

The cryptocurrency industry has become a traditional industry

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Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon