According to Financefeeds, US Treasury Secretary Scott Bessent has issued a new statement to cooperate with the IRS in updating guidance to provide regulatory support for cryptocurrency ETPs that include staking functions. The guidance clarifies the tax treatment of staking rewards within ETP structures and charts a "clear path" for asset managers looking to provide exposure to digital asset income. The new policy clarifies that in ET...
SOL Strategies Inc. (NASDAQ: STKE), a company that integrates Solana's asset pool with its "revenue-generating" validator business, announced that it had successfully passed the SOC 2 Type 2 and SOC 1 Type 2 audits and found no non-compliance. The audit is understood to validate SOL Strategies' controls, effective risk management capabilities, and its "adherence to industry best practices in validator operations". This milestone comes after the company has achieved many...