Japan has reclassified XRP, Bitcoin, Ether, and about 100 other cryptocurrencies as financial products rather than payment instruments. This shift could lower tax rates on crypto gains from as high as 55% to a flat 20%, aligning crypto profits with stock gains, and introduces a three-year loss carry-forward provision. The change aims to integrate crypto more closely with traditional financial markets, potentially paving the way for crypto ETFs on the Tokyo Stock Exchange and broader institutional adoption. Investors should verify the legal details with Japanese authorities before acting on these changes.
Ripple has signed a multi-year partnership with the University of Louisville to place the XRP logo permanently on the basketball court at the KFC Yum! Center, home to both men’s and women’s basketball teams. The deal includes additional branding acro...
Grayscale Investments has introduced a new series of model portfolios designed for financial advisors, with a significant allocation of 26.11% to XRP within its Digital Assets Next Gen portfolio. This move signals Grayscale's strong confidence in XRP...
The U.S. Senate failed to advance the Digital Asset Market CLARITY Act, a key crypto market structure bill, dealing a setback to the industry. Despite this, Ripple CEO Brad Garlinghouse expressed confidence that cryptocurrency will continue to progre...
Ripple CEO Brad Garlinghouse criticized Democratic politics for the Senate's failure to advance the CLARITY Act, a crypto regulation bill, calling them the "anti-crypto army." The Senate voted 50-49 against proceeding with the bill, marking a setback...
The U.S. Senate narrowly failed to advance the CLARITY Act in a 49-50 procedural vote, causing Bitcoin, XRP, and Shiba Inu to plunge. The bill aimed to provide comprehensive cryptocurrency market regulations but fell short of the 60 votes needed to p...
