Poll Finds 48% of Crypto Owners Plan to Vote for Donald Trump, Indicating the Significance of the Crypto Community in Elections According to a poll commissioned by Paradigm, 48% of crypto owners plan to vote for Donald Trump, while 39% plan to vote for Joe Biden. The poll also revealed that 19% of voters own or use cryptocurrencies, and an additional 16% are likely to invest in digital assets. Paradigm asserts that crypto holders are a significant voting bloc that elected officials should take notice of.

Standard Chartered-backed digital asset exchange Zodia Markets has registered as a Virtual Asset Service Provider (VASP) with the Central Bank of the Republic of Ireland, Golden Finance reported. This registration will enable Zodia Markets to offer over-the-counter (OTC) trading and exchange services to institutional clients. The company received similar licenses in the UK last year and Abu Dhabi last month and now has a licensed entity in the European Union (EU). The upcoming EU Markets in Crypto Assets Regulation (MiCA) will theoretically make it easier for crypto firms licensed in one of the trading bloc member states to obtain the licenses needed to operate in the other 26 member states.

Research firm Elliptic, citing on-chain analysis, said that some of the estimated $400 million in FTX theft could be linked to Russian cybercrime organizations. Elliptic said the suspects, including FTX employees, said the attacker was the North Korean hacking group Lazarus. However, on-chain signs point to the Russian bloc. Elliptic said, "A significant amount of the stolen assets that can be traced through ChipMixer are mixed with Russian-linked criminal gangs, including ransomware gangs and darknet marketplaces, and then sent to exchanges." This indicates the presence of brokers or other intermediaries linked to Russia. ”（CoinDesk）

Jinse Finance reported that U.S. Treasury Secretary Yellen said that the U.S. dollar should slowly depreciate as a reserve currency. The announcements come amid an international de-dollarization effort by many countries, including the BRICS economic bloc. Additionally, Yellen discussed the International Financial Institutions (IFIs) and their role as part of a broader economic and foreign policy toolkit. She referred to these institutions as promoting a more resilient global economy.

Jinse Finance reported that leaked draft legislation from the European Union shows that policymakers are weighing whether smart contracts, the cornerstone of DeFi, need to be designed in such a way that developers can step in and change their transactions. The proposal could affect regulatory clarity in the bloc as U.S. cryptocurrency founders eye the bloc in their crackdown. Further changes are still possible as the text is being negotiated, with EU policymakers racing to reach an agreement on the data bill by the end of June, meaning just two weeks remain for possible changes. A draft bill dated June 8 and seen by DL News suggests that smart contracts would fall under the same definition that applies to computer programs that use a series of electronic data records.

According to PANews news on May 12, according to CoinDesk, the draft EU law shows that the EU plans to force cryptocurrency companies to provide tax authorities with detailed information on assets held by their customers. The bill will be agreed by the finance ministers of various countries next week and will Allows tax authorities to share data within the bloc of 27 countries. A handful of finance ministers have not yet been formally approved by parliament, according to people familiar with the matter. The bill requires crypto firms to register with tax authorities, and controversially, the law, known as the Eighth Directive on Administrative Cooperation (DAC8), still includes platforms for trading NFTs that can be used for payments or investments, as well as those from outside the EU. Suppliers with EU customers.

According to a draft bill released under the Freedom of Information Act, the European Union plans to force cryptocurrency companies to provide tax authorities with details of assets held by their customers, Jinse Finance reported. The data-sharing law is based on the Organization for Economic Co-operation and Development (OECD) model and allows tax authorities to share data within the 27-nation bloc. Some finance ministers have yet to receive formal approval from parliament, the people said. The bill, dated May 5, coincides with a proposal by the European Commission in December 2022 as part of a bid to stop EU residents stashing cryptocurrencies abroad to avoid taxman scrutiny. The commission has until December 2025 to establish a register of crypto asset operators, and the rules will apply from January 1, 2026. Additionally, the law, known as the Eighth Directive on Administrative Cooperation (DAC8), includes NFT platforms, as well as suppliers from outside the EU with EU customers.