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- 2024-07-15
2024-07-15
Fernando Fierro
July 15, 2024
Howdy folks,
🇰🇷📉 South Korea's ruling party is considering postponing the controversial crypto gains tax for the third time, now eyeing a delay until January 2028.
Initially set for October 2021, the tax has faced delays due to a lack of institutional support and a need for secondary legislation to classify cryptocurrencies clearly.
While a postponement seems likely, the final decision awaits the government's tax law revision bill announcement later this month.
In other news:
⚖️💼 The Ripple vs. SEC lawsuit marks one year since the initial ruling that XRP is not a security. Despite this, the case is still in the “remedies phase,” with potential penalties and injunctions being debated.
Increased scrutiny around this anniversary could drive XRP price fluctuations and might push both parties towards a settlement, although a final verdict remains uncertain.
🛑🆘 U.S. lawmakers are escalating efforts to free Binance's Tigran Gambaryan, detained in Nigeria since February on money laundering charges. They argue that his case should be treated as a hostage situation under the Robert Levinson Act.
With Gambaryan's health deteriorating and legal processes delayed, the lawmakers are urging immediate government intervention to secure his release.
⚖️💰 FTX has agreed to a $4 billion settlement with the CFTC, prioritizing creditor payouts over the regulator's claims. After two years of legal battles, this marks a significant step for FTX and its creditors.
The agreement, pending approval by US Bankruptcy Judge John Dorsey, aims to expedite creditor repayments and limit further penalties from the CFTC.
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