US Senator Cynthia Lummis introduced a draft bill proposing tax exemption for specific crypto transactions and deferring taxes on mining and staking rewards until the tokens are sold. Lummis highlighted that this legislation aims to allow Americans to engage in the digital economy without unintentional tax violations. Following a recent Senate vote on stablecoin regulation, this bill aims to promote clarity and increase interest in decentralized financial services, driven by dissatisfaction with traditional banking. Additionally, Ondo Finance and Pantera Capital announced a $250 million investment in real-world assets to capitalize on favorable regulatory conditions. Despite a total loss of $2.47 billion in the first half of 2025 from crypto hacks and scams, a 52% reduction in incidents was noted in the second quarter. PancakeSwap also reported record trading volumes, attributed to recent upgrades.

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