TAX DRIVE: U.S. lawmakers have resurrected a bipartisan push to exempt gains from small cryptocurrency transactions from being taxed. “The Virtual Currency Tax Fairness Act of 2020” amendment to IRS tax code would exempt realized gains under $200. Full story
DEFI CONFUSION: The decentralized finance (DeFi) boom of 2019 is already making accountants dizzy. If you lock up crypto in exchange for a synthetic asset or a stablecoin, is that a trade or merely a temporary reorganizing of the original asset? Startups are now stepping up to help investors find the answers to such questions. Full story
GUIDING LIBRA: Executives and founders from Anchorage Bison Trails, Union Square Ventures, Calibra and Mercy Corps will head up a technical steering committee to oversee the development of Libra. Full story
BOT PARTNER: Amid soaring activity within the crypto derivatives market, software maker Trading Technologies rolled out a suite of trading tools for users of the popular Deribit exchange. Included in the software package are advanced order types, charting and analytics, as well as a feature to program algorithmic bot trading. Full story
SCANDI LISTING: One of the oldest cryptocurrency exchanges in Scandinavia will go public later this year. Oskar Soderstrom, CEO of Stockholm-based BTCX, told CoinDesk the firm is looking to deliver an IPO in Q3. Full story | 