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VIKAS JANGRA
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FTX Challenges IRS 🤝💼 FTX says IRS demand for $24 billion in unpaid taxes is delaying recovery of user funds In the latest twist of the FTX-IRS saga, FTX lawyers demand the IRS substantiate its $24 billion tax claim, calling it "absurd and meritless." FTX, in bankruptcy, contends it never earned enough to owe such colossal taxes. The IRS, reducing its initial $44 billion claim, insists on its estimation's correctness. FTX claims the IRS's stance delays creditor payouts. The legal showdown continues with the next hearing on Dec. 13. Stay tuned for updates! ⚖️💸 #FTX #IRSLawsuit #LegalDrama #FTT #FTXTrial

FTX Challenges IRS 🤝💼

FTX says IRS demand for $24 billion in unpaid taxes is delaying recovery of user funds

In the latest twist of the FTX-IRS saga, FTX lawyers demand the IRS substantiate its $24 billion tax claim, calling it "absurd and meritless." FTX, in bankruptcy, contends it never earned enough to owe such colossal taxes. The IRS, reducing its initial $44 billion claim, insists on its estimation's correctness. FTX claims the IRS's stance delays creditor payouts. The legal showdown continues with the next hearing on Dec. 13. Stay tuned for updates! ⚖️💸 #FTX #IRSLawsuit #LegalDrama #FTT #FTXTrial

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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Are Solana ETFs Next After Ethereum? Bloomberg Analyst Reveals His Expectations and Possible Obstacles! 🌟 After the recent approval of spot Bitcoin and Ethereum ETFs in the USA, investors are buzzing about which altcoin could be next. Leading the pack is Solana (SOL) 🔍 Bloomberg ETF Analyst James Seyffart** weighed in on the discussion. Responding to **Brian Kelly's** video on CNBC Fast Money, Seyffart believes: > "A Solana ETF would see the most demand compared to other altcoins (other than BTC and ETH)." However, he points out potential hurdles: ⚖️ The SEC currently classifies SOL as a *security* in lawsuits against major exchanges like Coinbase, Binance, and Kraken. This could complicate the approval process for Solana ETFs. ⏳ Seyffart suggests: > "Based on current precedent/needs, a Solana ETF would occur within a few years following the creation of a CFTC-regulated futures market. However, congressional and Market structure bills like FIT21 could make this happen faster." 📈 **The Future of Solana ETFs:** - **High Demand:** Solana ETFs are anticipated to attract significant interest. - **Regulatory Challenges:** The SEC's classification of SOL as a security could make the approval journey tough. - **Timeline:** Could range from a few years to sooner, depending on regulatory changes and market structures. Stay tuned for more updates on this exciting development! 🌐 *Disclaimer: This is not investment advice.* #Solana #SOLETF #ETFs #CryptoWatchMay2024 #Earnfreecrypto2024
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🚨 Ethereum ETF Approved! 🚨 Ethereum ETF Approved! What This Means for Bitcoin and Altcoins The approval of Ethereum ETFs marks a monumental shift in the crypto world, setting the stage for Ethereum's mainstream adoption and significant institutional investment. 🎉 Here’s what you need to know from popular crypto analyst 1️⃣ Catalyst for Wider Adoption This approval could solidify Ethereum's status in the U.S. market, boosting investor confidence and accessibility. Virtual Bacon suggests it might be even more significant than the Bitcoin ETF! 🚀 2️⃣ Regulatory Clarity With the SEC's approval, we might see a more definitive regulatory stance, paving the way for more institutional involvement in Ethereum. 3️⃣ Market Dynamics Expect short-term volatility. The news may already be priced in, potentially leading to initial dips. Virtual Bacon predicts a dip to the $3,000 range, offering a strategic entry point. 📉 4️⃣ Long-term Outlook If the market remains favorable, Ethereum could see a 60% increase by year-end, reaching at least $6,000. 🌟 🛑 Investor Advice Stay vigilant, watch for market shifts, and consider strategic entry points in the coming weeks. Ethereum ETFs could propel the crypto market to new heights. Virtual Bacon’s insights offer a valuable framework to navigate these exciting times! #Ethereum✅ #CryptoWatchMay2024 #ETFsApproval
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