Donald Trump · New York · White House · CoinDesk
Oh and Sam Bankman-Fried shed his appeal of his 2023 conviction on fraud and conspiracy charges
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Technically speaking, summer hasn't started yet and won't for another week.
Key facts
- Io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model
- live as of 11 June 2026
- Last Tuesday's House Ways and Means Committee hearing on digital asset tax bills was pretty straightforward
- Oh and Sam Bankman-Fried lost his appeal of his 2023 conviction on fraud and conspiracy charges
- There was no sniping at each other, no real pot shots at President Donald Trump and his family and no major arguments
Summary
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Last Tuesday's House Ways and Means Committee hearing on digital asset tax bills was pretty straightforward. In agency news, the CFTC published a proposal for better regulating prediction markets, giving the general public some time to weigh in, even as the various legal cases continue. Crypto taxes are the next big issue after the market structure bill happens (if it happens, anyway).