A change to the cryptocurrency reporting rules included in the U.S. infrastructure bill was blocked in the Senate, leaving it with imposing broad third-party reporting requirements by poorly defining what a cryptoasset “broker” is.
AMC Entertainment Holdings, which runs the largest movie theatre chain in the United States, is set to start accepting bitcoin payments for tickets and concessions by the end of this year.
Stablecoin issuer Tether has published a transparency report detailing where its $62.8 billion in reserves are allocated as of June 30. The majority (85%) are held in the “Cash & Cash Equivalents & Other Short-Term Deposits & Commercial Paper” category.
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Top stories in the Crypto Roundup today:
- Change to Crypto Reporting Rules in Infrastructure Bill Blocked
- AMC to Accept Bitcoin Payments by Year End
- Tether Transparency Report Shows Treasury Exposure Increased
- Analyzing Increased UST Burns
- Sponsored: Invictus Capital Q2 2021 Investment Report