The United States Internal Revenue Service (IRS) is facing an appeals case filed by a Tennessee couple who argued that their taxes should not be based on earnings from staking tokens. The couple received a refund check from the IRS in 2021 after filing a lawsuit claiming that the IRS had no right to tax income or profit from staked Tezos (XTZ), as the tokens were "created" and not sold.

Singapore-based crypto trading and lending platform, Matrixport, has appointed Mo Zhou as the new head of its institutional-focused business lines in the United States. Zhou, who was previously the U.S. chief operating officer, takes over from former U.S. CEO Anthony DeMartino, who will now assume an advisory role.

July 4 (Cointime) - Japan is planning to loosen its regulations on the use of artificial intelligence (AI) in order to boost its semiconductor manufacturing industry and overall economic growth. The country aims to have new policies in place by the end of the year that are more aligned with the approach taken by the United States rather than the European Union's stricter regulations. Twitter, now known as X Corp, is facing legal action from former employees who were laid off after the company was taken over by Elon Musk. These employees are accusing the company of discrimination and failing to provide severance pay, and are now pursuing arbitration. Coinbase, a US-based cryptocurrency exchange, saw a 13% increase in share price after Cboe filed an application with the Securities and Exchange Commission to launch a spot Bitcoin exchange-traded fund, with Coinbase helping to monitor ETF manipulation.

July 4 (Cointime) - Despite recent regulatory actions against crypto firms in the United States, the CEO of Merkle Science believes that the country will remain a crypto hub in the medium term. Mriganka Pattnaik cites the US's high level of innovation, deep talent pool, and clarity around taxation as reasons for crypto firms to maintain their operations in the country.

July 3 (Cointime) - Vivek Ramaswamy has announced that he will not only accept bitcoin donations for his presidential campaign, but also introduce new regulations to reduce the taxation of crypto mining companies. He hopes to protect the freedom of crypto mining in the United States and prevent it from becoming illegal, as it did in China.

June 30 (Cointime) - Revolut, a cryptocurrency-friendly neobank, will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform in the United States in September due to changing laws and regulations around cryptocurrency in the country. Revolut notified its U.S. customers about the change on June 29, stating that buying these tokens is immediately closed for all customers.

June 26 (Cointime) - Animoca Brands, a major blockchain gaming player with investments and licenses in companies such as MotoGP and Power Rangers, believes the United States is lagging behind in the blockchain and crypto markets due to regulatory scrutiny from the SEC.

June 22 (Cointime) - According to QCP Capital, the chances of a spot price exchange-traded fund (ETF) for Bitcoin being approved in the United States are low. Despite the recent 20% increase in BTC price action since BlackRock applied to list a U.S. spot Bitcoin ETF, all previous spot ETF applications have been rejected by the Securities and Exchange Commission (SEC).

Mercedes-Benz is conducting a trial of a ChatGPT-powered voice assistant system in over 900,000 vehicles in the United States. The optional beta feature is available to any owner of a Mercedes-Benz car equipped with the Mercedes-Benz User Experience (MBUX) interface.

Coinbase CEO Brian Armstrong has stated that his crypto exchange will remain committed to the United States despite regulatory pressure. In an interview with the Wall Street Journal, Armstrong expressed confidence that the crypto industry will achieve the "right outcome" in its battle with regulators.