ChainCatcher news, according to an analysis published by The New York Times, Trump himself may be the winner of the cryptocurrency strategic reserve, as his family's crypto project has spent millions of dollars to buy cryptocurrencies, and some of these tokens may be included in the U.S. strategic reserve.Cornell University economist Eswar Prasad added, "Trump's cryptocurrency strategic reserve lacks rationality and strategy; it is only beneficial for Bitcoin holders at this stage, but it is definitely a bad thing for taxpayers."

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that legal professionals she spoke with believe that the U.S. Securities and Exchange Commission is attempting to reach a settlement with crypto companies rather than directly dismissing related lawsuits, in order to "justify" spending millions of taxpayers' money and regain some face.Additionally, SEC commissioners Hester Peirce and Mark Uyeda did inform Coinbase that they were sorry for the inconvenience, which is a real blow to the enforcement regime of the SEC under Gensler and the Biden administration.

ChainCatcher news, according to the Washington Post, two insiders revealed that the government efficiency department (DOGE) led by Musk is seeking to access the IRS system, which includes detailed financial information of every taxpayer, business, and nonprofit organization in the United States, raising deep concerns within the IRS.Under pressure from the White House, the IRS is considering signing a memorandum of understanding that would allow officials from the government efficiency department broad access to the tax agency's systems, properties, and datasets. This includes the Integrated Data Retrieval System (IDRS), which enables tax agency employees to access IRS accounts (including personal identification numbers) and banking information.

ChainCatcher message, U.S. Senator Cynthia Lummis posted on X: "The achievements of President Trump, Elon Musk, and the DOGE team in the first few days are remarkable. The government is once again serving the American people, saving taxpayers billions of dollars. This money is real cash that will go back into the pockets of Americans."

ChainCatcher news, according to Bitcoin.com, Argentina has recently released relevant regulations that will apply to previously approved legislative proposals affecting the inclusion of cryptocurrencies and other undeclared assets into the country's tax system. Only taxpayers holding assets in registered VASPs can enjoy these benefits. These taxpayers can be exempt from taxes on up to $100,000 of cryptocurrency.

ChainCatcher news, crypto KOL @DefiIgnas posted on X that Binance, through its subsidiary Bifinity, contributed more tax revenue to Lithuania than the four major Nordic banks. Binance is the second largest company in Lithuania and the fourth largest taxpayer, funding the country's road construction and welfare. According to Forbes, Binance chose Lithuania after failing to obtain cryptocurrency licenses in Malta and London, as it allows access to the EU and enables Binance to hold cash.However, Lithuania is now in a dilemma, as Binance faces multiple lawsuits, although no allegations have been confirmed. Bifinity is accused of facilitating Binance's "suspicious transactions" and was also used to purchase a private jet worth $55 million, with $62.5 million transferred to CZ's personal account.

ChainCatcher news, the Organisation for Economic Co-operation and Development (OECD) has released a framework for crypto tax reporting, which allows for the automatic sharing of taxpayer information related to cryptocurrencies between jurisdictions, formalizing information sharing among 38 member countries. The aim is to enhance regular information sharing between countries to reduce tax evasion involving digital assets. In addition to information sharing between countries, the framework also includes model rules for domestic taxation of digital assets. The framework will be officially announced at the G20 central bank governors and finance ministers meeting in Washington, D.C. this week. (source link)