🔴U.S. House to vote on overturning Biden’s veto on crypto custody rules🔴
The U.S. House will vote on a proposal to reverse President Joe Biden’s veto on a measure that had nullified the Securities and Exchange Commission (SEC)’s Staff Accounting Bulletin 121, or SAB 121.
Biden rejected the bill after the House voted against the disputed crypto custody regulations.
SAB 121 requires that banks holding crypto assets must list such assets as liabilities on their balance sheets. This has essentially led banks and other institutional providers that could enter the crypto space as custodians to avoid the crypto asset class.
The SEC initially introduced the guidance in 2022 and the House voted to nullify it in early May this year.
@voicetov #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #BinanceTournament

Tax heaven guide 💰
In many countries, companies pay significant corporate taxes that impact profitability. For example, Puerto Rico has a corporate tax rate of 37.5%, Suriname has a rate of 36%, and Argentina, Chad, and Colombia have rates of 35% 😳
Dozens of countries have tax rates above 30%, which is insanely high. Curious about where companies can operate without paying corporate taxes? Here are a few prime locations 👇
• Caribbean: The Cayman Islands, the Bahamas, and Bermuda attract many companies due to their zero corporate taxes.
• Pacific Islands: Vanuatu and the Solomon Islands offer zero corporate taxes, making them attractive to companies seeking tax benefits and a favorable regulatory environment.
• British Isles: Jersey and the Isle of Man maintain zero corporate taxes, providing a stable and business-friendly environment.
• Middle East: Bahrain is largely tax-free, except for oil and gas companies, making it a strategic location for many businesses.
#economy_tips

#MarketSentimentToday ⚡️ Mt. Gox's $2.7B Bitcoin Move Signals $9B Payouts Ahead
➡️ Big News from Mt. Gox: The defunct Japanese crypto exchange is back in action, transferring a whopping $2.7 billion worth of Bitcoin to a new wallet address. It's their first major move since May, with smaller test transactions leading up to this moment.
🔒 A Cold Storage Shuffle: According to Arkham Intelligence, Mt. Gox's cold storage wallet made the move, sending 47,228 BTC to an address ending in "6onk." This switcheroo aligns with the exchange's plan to distribute a hefty $9 billion in Bitcoin to its creditors.
💡 Light at the End of the Tunnel: After years of waiting, creditors are finally inching closer to recovery. Thanks to a verification process led by trustee Nobuaki Kobayashi, the path is clear for delayed funds' return. While exact payout dates remain hush-hush, progress is definitely underway.
✅ Price Pressure Looms: As the Mt. Gox repayment train gains steam, there's a hint of caution in the air. Some analysts fear that injecting such a massive amount of Bitcoin back into the market could rattle its stability and potentially push prices down.

BTC to $47k? 🤔
This indicator helps analyze Bitcoin's price movements relative to the cost basis of short-term holders 📊
As you can see $47,000 is a strong resistance level, located 25% below the average STH purchase price.
It could become a final target for bears during this long-lasting market correction 🎯
#BTC_Bounce_Back_to_57k #BinanceTournament #BinanceTurns7