In recent crypto news, a Belgian court sentenced three individuals to 12 years in prison for their involvement in the kidnapping of Stéphane Winkel's wife in December 2024. The kidnappers demanded ransom in cryptocurrency. They were apprehended after law enforcement was alerted, though the masterminds remain unidentified. Meanwhile, US Republican House leaders have designated July 14 to July 18 as 'Crypto Week' to consider significant cryptocurrencies legislation, including bills on market structure and stablecoins. House Speaker Mike Johnson emphasized these bills align with President Trump's digital asset agenda. Additionally, Senator Cynthia Lummis proposed a standalone bill aimed at reforming crypto taxation, introducing exemptions for small transactions and crypto lending. Lummis stated that the legislation is designed to facilitate participation in the digital economy without tax complications.

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