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US Senate to grill Coinbase executive as crypto tax fight heats up next week

The Senate Finance Committee will hear from Coinbase, policy experts, and tax specialists as lawmakers weigh new rules for digital assets.

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US Senate to hear Coinbase testimony as crypto tax debate intensifies
Coinbase tax executive Lawrence Zlatkin will testify before the Senate Finance Committee on digital asset taxation.

The debate over how the United States should tax cryptocurrencies is heading back to Capitol Hill. Next Wednesday, the powerful Senate Finance Committee will hold a hearing to explore tax rules for digital assets, with testimony expected from top crypto industry voices and tax specialists.

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The session will be chaired by Mike Crapo, the Republican senator from Idaho who has long been active in shaping U.S. financial policy. According to the committee’s notice, witnesses will include Lawrence Zlatkin, vice president of tax at Coinbase; Jason Somensatto, policy director at Coin Center; Annette Nellen, chair of the Digital Assets Tax Task Force at the American Institute of Certified Public Accountants; and Andrea S. Kramer, a founding partner of Chicago-based ASKramer Law, which specializes in crypto tax cases.

A step in line with the White House’s July report

This upcoming hearing closely follows the White House Digital Asset Working Group’s report in July, which urged Congress to recognize crypto as a unique asset class. The report recommended tailoring existing tax rules for securities and commodities to fit digital assets — or, if lawmakers remain deadlocked, called on the Treasury Department and Internal Revenue Service (IRS) to issue clarifying guidance.

US Senate to hear Coinbase testimony as crypto tax debate intensifies


Currently, the IRS classifies cryptocurrencies and NFTs as property, not currency. This means even small transactions — from selling Bitcoin to using tokens for everyday purchases — can create a taxable event. For many in the industry, this system is seen as confusing and discouraging innovation.

Crypto’s double-taxation problem

One of the most contentious issues is how miners and stakers are taxed. Right now, they face what critics call “double taxation”: first when they receive block rewards, and again when those tokens are later sold.

Senator Cynthia Lummis, a Republican from Wyoming and one of Washington’s most vocal crypto advocates, has pushed back strongly against this framework. Writing on X in June, she argued:

It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower.

Lummis tried to include a fix in Donald Trump’s budget reconciliation bill in early July, but the measure was left out before the legislation passed the Senate.

Why this matters now

Since Trump returned to office in January, his administration has made crypto regulation a centerpiece of its economic agenda, seeking to attract blockchain talent and keep the U.S. competitive against global markets. Advocates argue that outdated tax rules are holding the industry back, while critics worry that too many exemptions could encourage tax evasion.

Next week’s hearing could mark a turning point. With both the Senate and the White House aligned on the need for change, the pressure is mounting on lawmakers to find a workable balance between innovation and accountability.

For crypto businesses like Coinbase — already under scrutiny from regulators — and for millions of Americans experimenting with digital assets, the stakes could not be higher.

Politics

The Untold Strain of Sundance Festival Insiders Describe the Emotional Highs and Breaking Points

A racially charged confrontation at a high-profile Sundance gathering turns violent, prompting an arrest and reigniting debate over hate speech and political rhetoric in public spaces.

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Man Arrested After Racially Charged Assault on Maxwell Alejandro Frost at CAA Sundance Party

What was meant to be an exclusive celebration during the Sundance Film Festival ended in shock and outrage after a racially charged confrontation turned violent, leading to an arrest and widespread condemnation.

A man was taken into custody following an incident at a private party hosted by Creative Artists Agency (CAA) during Sundance, where he allegedly confronted U.S. Congressman Maxwell Alejandro Frost with racist remarks before physically assaulting him.

According to Frost’s account, the man loudly proclaimed how “proud” he was to be white, then escalated the encounter by telling the congressman that Donald Trump was “going to deport me” — a statement Frost confirmed was made moments before he was punched in the face.

The confrontation unfolded amid one of the most influential gatherings tied to the Sundance Film Festival, a space typically associated with artistic expression, political dialogue, and cultural inclusivity.

From Political Taunt to Physical Violence

Frost, the first Gen Z member of Congress and a prominent progressive voice, later confirmed the details of the incident, describing it as an unprovoked escalation rooted in racial identity and political hostility.

ALSO READ : “She Never Made It Out…” Albany House Fire Claims Woman’s Life as Family Pleads for Help to Bring Her Home

Witnesses at the event reported that the man appeared intoxicated and increasingly aggressive before security intervened. Law enforcement confirmed that the suspect was arrested on the scene and that charges are being reviewed.

While authorities have not publicly released the suspect’s name, officials noted that the investigation is treating the matter seriously given the racially charged language used during the encounter.

A Disturbing Pattern Beyond One Night

The incident has quickly drawn national attention, not only because it involved a sitting member of Congress, but because it echoes broader concerns about rising political aggression and racially motivated confrontations in public spaces.

Man Arrested After Racially Charged Assault on Maxwell Alejandro Frost at CAA Sundance Party


Civil rights advocates argue that rhetoric surrounding immigration, race, and nationalism has increasingly crossed from speech into action — especially in environments where alcohol, political identity, and social status intersect.

“This wasn’t just an argument,” one attendee said. “It felt like something much darker bubbling to the surface.”

CAA and Sundance Respond

CAA representatives emphasized that the party was meant to be a safe, private gathering and that they are cooperating fully with authorities. Festival organizers also distanced the event from official Sundance programming while condemning the violence.

The Sundance Film Festival, long positioned as a platform for marginalized voices and progressive storytelling, has faced renewed scrutiny over security protocols at affiliated private events.

Frost Breaks the Silence

Frost later addressed the incident publicly, underscoring that he would not be intimidated by threats or violence.

“No one should have to endure this — anywhere,” he said, adding that the incident reinforced the importance of confronting hate head-on rather than normalizing it.

Support poured in from fellow lawmakers, artists, and activists, many of whom called for stronger accountability when racially charged speech turns into physical harm.

More Than a Single Arrest

As the investigation continues, the episode has sparked a wider conversation about the responsibility of political leaders, cultural institutions, and event organizers in ensuring safety — especially at moments when rhetoric becomes combustible.

For many, the most unsettling part of the story is how quickly ideology transformed into violence — and how casually the threat of deportation was invoked as a weapon.

What happened at a Sundance party may fade from headlines, but the issues it exposed are far from temporary.

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Politics

“Trump Deportation Threat Turned Into Assault”: Man Arrested After Shocking Sundance Incident

A racially charged confrontation at a high-profile Sundance gathering turns violent, prompting an arrest and reigniting debate over hate speech and political rhetoric in public spaces.

Published

on

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Man Arrested After Racially Charged Assault on Maxwell Alejandro Frost at CAA Sundance Party

What was meant to be an exclusive celebration during the Sundance Film Festival ended in shock and outrage after a racially charged confrontation turned violent, leading to an arrest and widespread condemnation.

A man was taken into custody following an incident at a private party hosted by Creative Artists Agency (CAA) during Sundance, where he allegedly confronted U.S. Congressman Maxwell Alejandro Frost with racist remarks before physically assaulting him.

According to Frost’s account, the man loudly proclaimed how “proud” he was to be white, then escalated the encounter by telling the congressman that Donald Trump was “going to deport me” — a statement Frost confirmed was made moments before he was punched in the face.

The confrontation unfolded amid one of the most influential gatherings tied to the Sundance Film Festival, a space typically associated with artistic expression, political dialogue, and cultural inclusivity.

From Political Taunt to Physical Violence

Frost, the first Gen Z member of Congress and a prominent progressive voice, later confirmed the details of the incident, describing it as an unprovoked escalation rooted in racial identity and political hostility.

ALSO READ : “She Never Made It Out…” Albany House Fire Claims Woman’s Life as Family Pleads for Help to Bring Her Home

Witnesses at the event reported that the man appeared intoxicated and increasingly aggressive before security intervened. Law enforcement confirmed that the suspect was arrested on the scene and that charges are being reviewed.

While authorities have not publicly released the suspect’s name, officials noted that the investigation is treating the matter seriously given the racially charged language used during the encounter.

A Disturbing Pattern Beyond One Night

The incident has quickly drawn national attention, not only because it involved a sitting member of Congress, but because it echoes broader concerns about rising political aggression and racially motivated confrontations in public spaces.

Man Arrested After Racially Charged Assault on Maxwell Alejandro Frost at CAA Sundance Party


Civil rights advocates argue that rhetoric surrounding immigration, race, and nationalism has increasingly crossed from speech into action — especially in environments where alcohol, political identity, and social status intersect.

“This wasn’t just an argument,” one attendee said. “It felt like something much darker bubbling to the surface.”

CAA and Sundance Respond

CAA representatives emphasized that the party was meant to be a safe, private gathering and that they are cooperating fully with authorities. Festival organizers also distanced the event from official Sundance programming while condemning the violence.

The Sundance Film Festival, long positioned as a platform for marginalized voices and progressive storytelling, has faced renewed scrutiny over security protocols at affiliated private events.

Frost Breaks the Silence

Frost later addressed the incident publicly, underscoring that he would not be intimidated by threats or violence.

“No one should have to endure this — anywhere,” he said, adding that the incident reinforced the importance of confronting hate head-on rather than normalizing it.

Support poured in from fellow lawmakers, artists, and activists, many of whom called for stronger accountability when racially charged speech turns into physical harm.

More Than a Single Arrest

As the investigation continues, the episode has sparked a wider conversation about the responsibility of political leaders, cultural institutions, and event organizers in ensuring safety — especially at moments when rhetoric becomes combustible.

For many, the most unsettling part of the story is how quickly ideology transformed into violence — and how casually the threat of deportation was invoked as a weapon.

What happened at a Sundance party may fade from headlines, but the issues it exposed are far from temporary.

Continue Reading

Politics

Why Bari Weiss Says Pulling a ‘60 Minutes’ Story Was the Right Call — Even If It Looked Radical

Facing backlash from activists and political pressure alike, the CBS News editor-in-chief argues that controversial editorial calls are essential to restoring public trust in the media.

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Bari Weiss Defends Pulling 60 Minutes Story as Necessary for News Integrity

In an era when every editorial decision is dissected in real time, Bari Weiss is standing firm behind one of the most controversial calls of her tenure at 60 Minutes.

Weiss has once again defended her last-minute decision to pull a segment from the long-running CBS newsmagazine, acknowledging that the move “may seem radical” to outsiders—but insisting it was necessary to protect what she calls the integrity of the news.

In a memo sent to staff and co-signed by Tom Cibrowski, along with senior editors Charles Forelle and Adam Rubenstein, Weiss framed the decision as part of a broader effort to rebuild public confidence in journalism at a time when trust in media institutions continues to erode.

The Story at the Center of the Storm

The pulled segment reportedly focused on the experiences of Venezuelan migrants deported by the Donald Trump administration to a prison in El Salvador—a topic that sits at the intersection of immigration policy, human rights, and partisan politics.

ALSO READ : “She Never Made It Out…” Albany House Fire Claims Woman’s Life as Family Pleads for Help to Bring Her Home

According to Weiss, the issue was not the subject matter itself, but whether the segment met the editorial standards the newsroom demands before airing.

“No amount of outrage—whether from activist organizations or the White House—will derail us,” Weiss wrote in the memo, making clear that external pressure did not drive the decision.

Instead, she characterized the move as an example of editorial restraint at a time when speed, outrage, and social-media reaction often dominate newsroom judgment.

A ‘Radical’ Choice in a Polarized Media Climate

Weiss did not shy away from describing the decision as controversial. In fact, she embraced that reality, arguing that journalism sometimes requires choices that invite criticism from all sides.

In today’s media environment, pulling a completed story—especially one tied to immigration and a former president—is almost guaranteed to ignite backlash. For Weiss, that backlash is part of the cost of maintaining standards.

Bari Weiss Defends Pulling 60 Minutes Story as Necessary for News Integrity


“Necessary decisions can cause a firestorm,” she acknowledged, suggesting that editorial courage is often indistinguishable from provocation in a deeply polarized public sphere.

Trust as the Real Battleground

At the heart of Weiss’s defense is a larger concern: Americans’ declining trust in news organizations.

By emphasizing caution over immediacy, Weiss positioned the decision as a long-term investment in credibility rather than a short-term reputational hit. Her message to staff was clear—journalistic integrity must outweigh the pressure to satisfy activists, political actors, or even audience expectations.

The memo’s tone reflected a newsroom aware that neutrality itself has become suspect, and that editorial leadership now involves navigating not just facts, but perceptions of motive.

What This Means for ‘60 Minutes’ and CBS News

For CBS News, the controversy underscores how even legacy institutions are struggling to operate in a climate where every editorial choice is interpreted through ideological lenses.

60 Minutes, long regarded as one of the most influential investigative programs in American television, now finds itself at the center of a debate about transparency, restraint, and the line between caution and censorship.

Supporters of Weiss argue that pulling the story demonstrates editorial responsibility. Critics contend it risks chilling coverage of sensitive topics.

Both sides, however, agree on one thing: decisions like this are shaping the future of mainstream journalism.

A Defining Moment for News Leadership

Whether Weiss’s call ultimately strengthens or weakens public trust remains an open question. But her willingness to publicly frame the decision as “radical” suggests an editor aware that traditional newsroom playbooks no longer apply.

In a media landscape driven by immediacy and outrage, restraint itself may now be the most provocative stance of all.

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