California Billionaire Tax Plan Faces Pushback from Crypto Industry
A proposed California wealth tax targeting billionaires has drawn criticism from crypto founders and investors, who warn it could accelerate capital flight and undermine innovation.
The DeFi & FinTech section explores the expanding world of decentralized finance and next-generation financial technology. From lending protocols, staking platforms, and liquidity ecosystems to digital banking, payments innovation, and emerging fintech models, this category covers the tools reshaping how value moves across the digital economy. Readers get clear insights into major developments, integrations, and trends transforming both DeFi and traditional financial technology.
A proposed California wealth tax targeting billionaires has drawn criticism from crypto founders and investors, who warn it could accelerate capital flight and undermine innovation.
Bitcoin lagged broader markets during the year-end Santa rally, as equities and precious metals climbed to record highs while crypto traders reduced risk amid thin holiday…
Crypto-related equities posted sharply mixed results in 2025, with miners and trading platforms outperforming broader markets while treasury-driven strategies lagged amid weaker token prices.
Crypto industry mergers and acquisitions hit a record $8.6 billion in 2025, driven by large strategic deals and a more supportive regulatory backdrop.
Hong Kong regulators have finalized licensing rules for crypto trading and custody providers, aligning oversight more closely with traditional securities regulation while launching a new consultation…
HashKey Capital has raised $250 million in commitments for the first close of its fourth crypto-focused fund, citing sustained institutional interest despite tightening liquidity and volatile…
Brett Harrison has raised $35 million for Architect Financial Technologies as the firm builds a regulated perpetual futures exchange focused on traditional financial assets outside the…
Crypto.com is hiring an internal market-making team for its prediction markets, saying the move is fully disclosed to regulators and designed to improve liquidity without giving…
Coinbase has agreed to acquire on-chain prediction markets startup The Clearing Company as it expands beyond crypto trading into event-based financial products.
A bipartisan group of US House lawmakers is urging the IRS to reassess how crypto staking rewards are taxed, citing concerns over double taxation and market…
Hong Kong’s insurance regulator is considering new capital rules that would impose a full risk charge on crypto assets while aligning stablecoin treatment with underlying fiat…
Citigroup reaffirmed its positive view on crypto-related equities despite sharp sector declines, citing long-term institutional adoption and resilient business models.