Grayscale Launches Lido, Optimism Investment Funds ☄️
Grayscale Investments has announced the launch of two new investment funds which offer exposure to Lido and Optimism’s governance tokens, LDO and OP respectively. The Grayscale Lido DAO Trust and the Grayscale Optimism Trust, catered to institutional and accredited investors, mark Grayscale’s continued expansion into Ethereum-related products. These protocols address two critical areas for Ethereum’s growth: scalability and staking accessibility.
Grayscale Head of Product & Research Rayhaneh Sharif-Askary stated,
Ukraine Set To Legalise Cryptocurrency In Early 2025, Without Tax Breaks 🔍
According to local media reports, cryptocurrency is expected to be legalised in Ukraine by the first quarter of 2025. A draft bill is reportedly being prepared by a parliamentary working group in collaboration with the National Bank and the International Monetary Fund (IMF). The report cites Danylo Hetmantsev, head of the Ukrainian Parliament's Committee on Finance, Tax, and Customs Policy as its source. Hetmantsev reportedly confirmed that the draft law is nearly ready for its first reading. He also claimed that there would be no tax exemptions for cryptocurrency. Taxation will reportedly follow the model used for securities, with profits taxed when assets are converted into currency.
Texas Lawmaker Proposes Bill To Establish Strategic Bitcoin Reserve 💸
Rep. Giovanni Capriglione, a lawmaker in the Texas House of Representatives, has reportedly drafted legislation to create a Bitcoin reserve as part of the state’s treasury. The bill, titled “Texas Strategic Bitcoin Reserve Act,” proposed the comptroller hold Bitcoin as a reserve asset for “at least five years.” It suggested that Texas residents or “governmental entities” could voluntarily donate their BTC to the reserve.
Crypto advocacy group Texas Blockchain Council stated,
