In recent developments in the crypto space, the US Internal Revenue Service (IRS) has reaffirmed its stance on staking taxes, stating that rewards from staking should be considered taxable income as soon as they are received. This decision emerges from a lawsuit challenge, emphasizing that taxpayers must report staking rewards based on their fair market value when they become accessible. Meanwhile, the Bank of Botswana has acknowledged minimal risks associated with the country's nascent crypto market, yet highlights the importance of regulatory measures to mitigate future risks. Lastly, Donald Trump announced the nomination of Bo Hines, a former college football player, as head of a new ‘Presidential Council of Advisers for Digital Assets.’ This council aims to promote innovation in the digital assets landscape while providing resources for industry leaders.

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