U.S. Presidential candidate Michael Bloomberg has proposed creating a regulatory framework for cryptocurrencies in a new financial plan. The plan includes clarifying which agencies oversee the crypto space, and creating a framework to clarify when tokens are securities.
The IRS is set to host a summit next month to discuss its cryptocurrency taxing approach with cryptocurrency firms. The agency is reportedly looking to “balance taxpayer service with regulatory enforcement.”
South Korean tech giant Samsung is maintaining its support for cryptocurrencies in its new Galaxy S20 flagship range. The devices are set to include the so-called Blockchain Keystore wallet, with support for ETH, BTC, and TRX.
Top stories in the Crypto Roundup today:
- S. Presidential Candidate Michael Bloomberg Proposes Clearer Crypto Regulations
- IRS to Host Summit to Discuss its Cryptocurrency Taxing Approach With Crypto Firms
- Samsung Keeps Supporting Crypto With New Flagship Smartphone
At the time of writing, bitcoin (BTC) is trading at $10,157.33 (4.07%) with a daily Top Tier volume of $2.71 billion. As for ether (ETH), it is trading at $282.19 (5.41%) with a daily Top Tier volume of $2.09 billion. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 4,047.83 (0.91%)