AGP Executive Report
Last update: 10 hours agoUS Crypto Regulation: The Senate blocked the CLARITY Act in a 49-50 vote, leaving US crypto rules in limbo and hitting prices fast—Bitcoin slid toward ~$76K, Ether fell, and XRP dropped ~10%. US House Crypto Tax: In the same week, the House Ways and Means Committee advanced the Digital Asset Tax Certainty Act (38-5), aiming to clarify crypto taxes and de minimis treatment after the Senate setback. US Strategic Reserve: The American Reserve Modernization Act cleared a House committee step, pushing a plan to lock federally held Bitcoin for 20 years with quarterly Proof-of-Reserve audits. Security Alerts: South Korea’s DCENT told users to move funds after anomalous transfers tied to its App Wallet. Scam & Crime: DOJ says a Singaporean pleaded guilty to a ~$245M Bitcoin theft scheme using social engineering and laundering. Global Compliance: Bulgaria adopted stricter crypto reporting rules under EU DAC8, requiring provider registration and user transaction reporting. UK AML: The UK unveiled a bigger AML/asset recovery push with more staff and funding through 2029.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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