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Trump’s crypto wealth, proposed bill allowing federal taxes to be paid in Bitcoin, and more: Weekly Crypto Recap – Point Bridge America First ETF (BATS:MAGA)

At the end of the week, the financial and cryptocurrency world was anything but quiet. From former President Donald TrumpFrom the potential crypto wealth prediction to the introduction of a bill allowing federal taxes to be paid in Bitcoin, the news cycle is full of exciting developments. Here’s a quick recap of the most important headlines.

Trump’s crypto assets
Former President Donald Trump is once again in the spotlight, this time in the cryptocurrency space. His digital wallet contains over half a million TRUMP CARD MGA/USD tokens, leading to speculation about the value of his holdings. The tokens were allocated to Trump’s wallet as part of a marketing plan by MAGA, the first project to do so. Read the full article here.

Federal tax payments in Bitcoin
Congressman Frosted Gaetz (R-Fla.) has proposed a bill that would require the payment of federal income tax in Bitcoin BTC/USD. The bill would amend the Internal Revenue Code of 1986 and provide taxpayers with a new way to pay their federal tax debts. Read the full article here.

See also: Congressman Matt Gaetz introduces bill to allow federal tax payments in Bitcoin

A crypto analyst’s opinion on memecoins
Cryptocurrency analyst Michaël van de Poppe recently shared his views on meme coins, such as Dogecoin DOGE/USD, Shiba Inu SHIB/USD and more. Despite their popularity, he expressed a general dislike for them and criticized celebrities who exploit their following to launch meme coins for financial gain. Read the full article here.

Ark Invest’s big steps
Cathie Wood’s Ark Invest made significant deals in Roku Inc. ROKU And Coinbase Generally Incl.. COINamid a volatile market. The company acquired $7.3 million worth of stock in Roku Inc., a promising Netflix competitor. Read the full article here.

US government bitcoin transfer
Wallets believed to be linked to the US government have transferred a significant amount of cryptocurrency – 3,940 bitcoin worth $241 million – to Coinbase. This move came shortly after a similar transfer by the German government. Read the full article here.

Read more: Bitcoin, Ethereum, Dogecoin fall on fears of $240 million sale by US government: Crypto king to be reclaimed

Bitcoin image via Shutterstock.

Market news and data provided by Benzinga APIs

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