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"If you enjoy all the benefits of living in our great city while refusing to pay your fair share in taxes, we will hold you accountable,” said DC Attorney General Karl Racine. Karl Racine, Attorney General for the District of Columbia in the United States, has announced that his office will be suing business intelligence firm MicroStrategy and its co-founder Michael Saylor for charges related to tax evasion . In a Wednesday Twitter thread, Racine announced a lawsuit against MicroStrategy and its previous CEO Michael Saylor, claiming that he “never paid any DC income taxes” and the company “conspired” to assist him in evading paying for taxes. According to the attorney general , Saylor owes back taxes for “hundreds of millions of dollars” worth of income during his time as a DC resident. “With this lawsuit, we’re putting residents and employers on notice that if you enjoy all the benefits of living in our great city while refusing to pay your fair share in taxes, we will hold yo...

Florida's current governor announced his bid for the 2024 U.S. presidency during a Twitter Space with Elon Musk and rounded off with remarks on the cryptocurrency. Ron DeSantis, the current governor of Florida, has officially thrown his hat in the 2024 United States presidential ring and has notably promised to “protect” Bitcoin (BTC) if he gets the job. On May 24, Twitter boss Elon Musk joined DeSantis and around 520,000 live listeners in the Twitter broadcast of his announcement, which was moderated by venture capitalist David Sacks. “As president , we’ll protect the ability to do things like Bitcoin,” said DeSantis. He added “there’s risks involved with it,” but the people interested in the cryptocurrency “are sophisticated” and “can make decisions.” “You have every right to do Bitcoin. The only reason these people in Washington don’t like it, is because they don’t control it.” DeSantis called those on Capitol Hill “central planners” who “want to have control over society.” ...

Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said. The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms. After introducing a plan to create a national crypto exchange in November 2022, Russian lawmakers have abandoned the idea, according to State Duma member Anatoly Aksakov. As previously reported, the local government was considering launching a unified crypto exchange as part of the Moscow Exchange. Instead of setting up a unified crypto exchange, Russia now wants to set rules for creating and managing such platforms, Aksakov said, the local news agency Izvestia reported on May 29. Russia’s Ministry of Finance was reportedly among the authorities that didn’t support the plan for a national crypto exchange. Aksakov, who leads the Duma’s financial markets committee, noted that crypto exchanges would allow Rus...