Crypto advocates join in suing Illinois over digital asset tax
The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved 0.2% crypto tax.
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Crypto lobby group TDC sues Illinois to block digital asset tax
A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month. The Digital Chamber alleged that Illinois’ Digital Asset Tax Act violated both the U.S. and state constitutions and is preempted by a federal… Read More
SBI’s Coinhako deal advances plan for Asia’s first digital asset empire
“The real prize is the yen side of onchain settlement, one of the most strategic positions in Asian finance over the coming decade, and that is exactly what SBI is building toward,” he added. One technical limitation remains. JPYSC does not yet support withdrawals to… Read More
$1.9 trillion asset manager T. Rowe Price bets on active management with first multi-token crypto ETF
T. Rowe Price has brought what it said is the industry’s first actively managed multi-token spot crypto exchange-traded fund (ETF) to the market. The T. Rowe Price Active Crypto ETF (TKNZ) began trading on Thursday, giving investors exposure to a portfolio of crypto assets rather… Read More
Invesco, $2.5T asset manager, files for tokenized fund targeting stablecoin reserves
Invesco’s move is another sign of asset managers increasingly chasing a new business opportunity created by stablecoins. These cryptocurrencies are designed to maintain a fixed value, typically tied to one U.S. dollar, and are backed by reserve assets such as cash and short-term Treasuries. As… Read More
Digital asset firm Keyrock plans to acquire BlockFills out of bankruptcy
Keyrock, a Brussels-based digital asset services firm, is in the process of acquiring bankrupt crypto trading and lending firm Blockfills, according to two people with knowledge of the matter. A Keyrock spokesperson told CoinDesk that the acquisition is subject to court approval. According to a… Read More