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Meta's $900M CRED Bet, Senate CBDC Ban & Crypto Staking Deadlock
Audio is available on Spreaker — see link below.
Meta drops $900 million into Indian fintech CRED while the U.S. Senate locks out a retail digital dollar until 2030 — and crypto staking taxes remain stuck in committee. Three pivotal moves reshaping payments, digital currency, and crypto regulation in one sharp briefing.
Audio is available on Spreaker — see link below.
Meta just spent nine hundred million dollars to stop losing in India. The deal is a lead investment in CRED, the Indian fintech platform, at a four-point-five billion dollar valuation.
While Meta was repositioning in the East, Washington was drawing a line on digital currency. The U.S. Senate passed the twenty-first Century ROAD to Housing Act this week, and embedded in that housing bill is a provision banning the Federal Reserve from issuing a retail digital dollar until December thirty-first, twenty-thirty.
The third story this week is quieter but has real bite for anyone in the crypto mining or staking space. H.R. 9175, the staking tax bill, remains stalled in the House Ways and Means Committee.
Three stories, one clear through-line. Payments, digital currency, and crypto taxation are all in motion at the same time, and the direction of each depends on a different kind of approval: Indian regulators, a Senate sunset clause, and a House committee vote.
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