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In a press conference at his Mar-a-Lago Tuesday, US President-elect Donald Trump said that his administration “will cut taxes, slash regulations, raise wages and boost incomes at a pace the world has not seen before.” The incoming President has introduced several new policies in his economic plan, all of which will supposedly rescue the country’s economy. JUST IN: President-elect Trump says "we will cut taxes, slash regulations, raise wages and boost incomes at a pace the world has not seen before." pic.twitter.com/lPBOz6g476 — Watcher.Guru (@WatcherGuru) January 7, 2025 Trump’s plans for the economy are very ambitious, proposing several tax cuts and new tariffs. Republican policymakers are focused on extended tax cuts that benefit ordinary Americans. Donald Trump has also promised new tax cuts for people above 60. In addition, he plans to release a road map that includes new funding for border security, a top priority under his recent campaign. As a candidate, ...

Thanks to the US presidential election, the total value of crypto assets on prediction markets according to DefiLlama has tripled this year. That growth is curious, however, given that the dominant prediction market with a controlling 73% of the sector’s assets, Polymarket, claims it doesn’t allow US residents. Polymarket has gained notoriety, not for its unremarkable betting on assorted events, but for its very specific Donald Trump, Joe Biden, and Kamala Harris-related markets. Indeed, election wagers on the platform exceeded $1 billion in July alone. Bloomberg reports US use of Polymarket Polymarket assures the world that it’s based in the tax haven of Panama and its website ostensibly prohibits US residents. Indeed, its Terms of Service plain text webpage states that Polymarket betting markets “ARE NOT OFFERED TO PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN THE UNITED STATES OF AMERICA.” ...

According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using virtual currency was estimated to be worth $4 billion last year. South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about its use for criminal activities. The financial regulators in the country are reportedly monitoring the OTC crypto market trades. According to a report published in a local daily, deputy chief prosecutor Ki No-Seong and Park Min-woo of the Financial Services Commission (FSC) and other vital regulatory officials attended a session on “Criminal Legal Issues Related to Virtual Assets” with a focus on the unregulated OTC crypto market. During the event, deputy chief prosecutor No-Seong called for regulating the OTC crypto market due to money laundering concerns. A google translated version of Seong’s statement read: "Illegal virtual currency OTC companies have overseas corporations and are en...