New York’s 0.2% Crypto Tax Push Sparks Fears of a Market Sell-Off
New York may soon add another chapter to its already strict crypto regulation playbook. Assembly Bill 8966, introduced by Democratic Assembly member Phil Steck, proposes a 0.2% excise tax on all crypto and NFT transactions, including Bitcoin, Ethereum, and stablecoins. If approved, the crypto tax would take effect on September 1, applying to both individuals […]
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Quick Facts: 1️⃣ The Fed has cut interest rates by 25 BPS and confirmed QT will end on December 1st. 2️⃣ Lower rates and fresh liquidity often push investors back toward high-risk assets like crypto. 3️⃣ $BTC usually dips after a FOMC meeting. But, in the long term, it tends to make all-time highs before […]