UK Tax Authority Targets Crypto Investors; Trump Family Reaps Crypto Profits
HM Revenue & Customs (HMRC) has sent letters to 65,000 cryptocurrency investors suspected of tax evasion. Starting January 2026, HMRC will gather user data from exchanges via the crypto-Assets Reporting Framework, adopted by 70 jurisdictions, including OECD members.
Meanwhile, the Trump family’s cryptocurrency ventures have generated over $1 billion in profits. Eric Trump confirmed this growth coincides with President Donald Trump’s return to the White House.
Ripple Acquires GTreasury; binance expands in Korea
Ripple bought gtreasury for $1 billion, adding corporate treasury management capabilities. This is Ripple’s third major acquisition this year.
Binance gained approval from south Korea’s Financial Intelligence Unit to acquire a majority stake in GOPAX. This allows Binance to resume operations and compete with local exchanges.
OpenSea Launches SEA token; MrBeast Files Crypto Trademark
OpenSea CEO Devin Finzer announced the NFT marketplace will launch its SEA token in Q1 2026. Half the supply will go to community members through initial claims and rewards.
YouTube star James Donaldson filed a trademark for MrBeast Financial, covering cryptocurrency exchange and payment processing services. This move follows advice from Strategy founder Michael Saylor to buy bitcoin.
Global crypto Developments
Swiss authorities are investigating FIFA’s blockchain collectibles platform, FIFA Collect, for potential criminal activity. South Korea approved Binance’s acquisition of GOPAX, allowing it to resume operations.
