[U.S. Treasury Department Plans to Issue New Rules Allowing Companies to Fully Utilize R&D Tax Credits]
The U.S. Treasury Department is preparing to release a corporate tax relief plan, which could be introduced as early as next week. The plan will allow companies like Salesforce and Qualcomm to fully utilize the R&D tax credits included in President Trump's tax law. The Treasury Department's proposal aims to address the issue during the Biden administration where the 15% minimum tax rate for companies with at least $1 billion in annual revenue prevented businesses from fully benefiting from R&D tax credits.
District Judge Paul Engelmeyer offered the Terraform Labs co-founder the chance to postpone his sentencing date, in light of hundreds of victim impact statements shared with the court in the past 24 hours.
The US Commodity Futures Trading Commission (CFTC) has announced the withdrawal of cryptocurrency guidelines that it has labeled as "outdated". (Watcher.Guru)
Nvidia CEO Huang Renxun, with a market value of $4.46 trillion, stated that Bitcoin captures excess energy and stores it as currency, allowing users to transfer that energy anywhere. (Cointelegraph)
Crypto Investment Firm Blockstream to Acquire TradFi Hedge Fund Corbiere Capital
--
The planned deal will bring Corbiere’s equity and event-driven strategies under Blockstream’s asset management arm.