Treasury

US IRS, Treasury Update Guidance for Crypto ETPs

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The United States Internal Revenue Service (IRS), the country’s tax collection office under the Treasury Department, has updated its guidelines for cryptocurrency exchange-traded products (ETPs) to include a safe harbor for trusts to stake digital assets. Treasury Secretary Scott Bessent wrote in a Monday X article that the agencies issued guidance providing crypto ETPs “a … Read more

Propanc Biopharma Secures up to $100 million for Crypto Treasury

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Australian company Propanc Biopharma announced it has secured up to $100 million from a crypto-focused family office to launch a crypto treasury – a move its CEO called “transformative” as its cancer therapy product enters human trials next year. The private placement, structured through convertible preferred stock, provides Propanc with an initial investment of $1 … Read more