Stablecoin rules needed in US before crypto tax reform, experts say

United States cryptocurrency regulations need more clarity on stablecoins and banking relationships before lawmakers prioritize tax reform, according to industry leaders and legal experts. “In my view, tax isn’t necessarily the priority for upgrading US crypto regulation,” according to Mattan Erder, general counsel at layer-3 decentralized blockchain network Orbs. A “tailored regulatory approach” for areas […]

US recession 40% likely in 2025, what it means for crypto — Analyst

The United States has a 40% chance of a recession in 2025 amid the potential for a protracted trade war and macroeconomic uncertainty, according to market analyst and Coin Bureau founder Nic Puckrin. In an interview with Cointelegraph, the analyst said that while a recession is not probable, a recession and the current macroeconomic uncertainty […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Ether’s (ETH) declining appeal as an investment comes from layer-2’s draining value from the main network and a lack of community pushback on excessive token creation, a crypto venture capitalist says. “The #1 cause of this is greedy Eth L2s siphoning value from the L1 and the social consensus that excess token creation was A-OK,” […]

Anti-L2 push could ‘break the social fabric’ of Ethereum — Sandeep Nailwal

A portion of the Ethereum community is pressuring the Ethereum Foundation to make decisions that may “break the entire social fabric” of the smart contract network by restricting Ethereum’s layer-2 (L2) networks, Polygon co-founder Sandeep Nailwal said. Speaking during a March 28 episode of Cointelegraph’s Chain Reaction show on X, the Polygon founder said that […]