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A U.S. Bitcoin investor has been sentenced to two years in prison for evading taxes on $4 million in gains, making it the first-ever crypto tax evasion case.

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U.S. President-elect Donald Trump’s cryptocurrency strategy is becoming clearer following his announcement of a designated White House Crypto Czar and the appointment of a new securities regulatory body. In a recent interview at the NYSE, Trump announced plans for a U.S. crypto reserve as he aims to do something great with the crypto space President-elect Donald Trump announced his ambitious plans for a U.S. crypto reserve, akin to the Strategic Petroleum Reserve, during his visit to the New York Stock Exchange (NYSE). Trump, who also had the honor of ringing the opening bell to commence today’s trading, outlined his vision against the backdrop of being named Time magazine’s “Person of the Year” for the second time. Source: CoinPedia

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Shiba Inu ($SHIB ), the popular and second-largest crypto meme coin by market cap, is poised for upside momentum as whale interest in the meme coin skyrockets. Despite the recent price decline across the cryptocurrency market, whales’ interest and confidence in $SHIB remain unchanged, according to an on-chain analytics report by Coinglass. Data from the SHIB spot inflow/outflow metrics revealed that exchanges have witnessed a significant outflow of 3.3 trillion $SHIB tokens, worth over $93.3 million. This substantial outflow reflects the growing interest of whales in the meme coin.

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