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Authored by Mark Mason via BitcoinMagazine.com, In a world where digital assets are quickly becoming a cornerstone of global finance, the United States stands at a crossroads. The Trump administration has repeatedly emphasized its dedication to making everyday Americans more prosperous. From pledging to restore economic strength on the campaign trail to appointing forward-thinking advisors, the White House seems poised to usher in a new era of financial freedom. But if President Trump truly wants to supercharge wealth creation for average citizens—and establish the U.S. as the world’s leading “ Bitcoin Superpower ”—his administration must embrace a bold, transformative policy: eliminate capital gains taxes on Bitcoin. This global map shows how various countries tax (or don’t tax) Bitcoin after one year. Many green jurisdictions, including those in parts of Europe, the Caribbean, and Asia, have chosen to exempt long-term Bitcoin holdings from capital gains tax. The Czech Republic recently made headlines when its Parliament overwhelmingly voted to exempt capital gains from Bitcoin and other crypto-asset sales from personal income tax—provided they’re held for more than three years and meet certain income thresholds. This is not an isolated event. Countries like Switzerland, Singapore, the United Arab Emirates, El Salvador, Hong Kong, and parts of the Caribbean have long recognized that zero or minimal capital gains taxation on Bitcoin can help spur adoption, financial innovation, and consumer confidence. As John F. Kennedy famously said, “ A rising tide lifts all boats. ” If we apply that logic to economic growth through Bitcoin, the tide is global—and it’s rising fast. In a sea awash with global liquidity and debt, America’s economic ship must navigate these digital currents. These nations’ policy choices—and their citizens’ increasing prosperity—send a powerful signal: The U.S. can and should leverage Bitcoin as a tool for growth, not burden it with outdated taxation models. President Trump himself has indicated a willingness to rethink Bitcoin taxation. “ They have them paying tax on crypto, and I don’t think that’s right, ” he said in a recent interview, echoing the frustrations of millions of Americans who find it absurd to pay capital gains taxes after using Bitcoin to purchase something as small as a cup of coffee. “ Bitcoin is money, and you have to pay capital gains tax if you use it to buy a coffee? ” he asked rhetorically, highlighting how current laws discourage everyday transactions. He added, “ Maybe we get rid of taxes on crypto and replace it with tariffs. ” This sentiment isn’t just rhetorical flourish. Trump, who spoke at the Bitcoin 2024 Conference in Nashville , proclaimed his vision for America to become the world’s “ Bitcoin Superpower. ” He’s also pledged to “ Make Bitcoin in America, ” turning the U.S. into a leading hub of Bitcoin innovation. Moreover, he appointed former PayPal Chief Operating Officer David Sacks as his 'White House A.I. & Crypto Czar' on December 5—a move widely seen as a step toward implementing forward-looking crypto policies. The U.S. has already taken monumental steps in this direction. The BITCOIN Act of 2024 mandates that all Bitcoin held by any federal agency be transferred to the Treasury to be held in a strategic Bitcoin reserve. Over five years, the Treasury must purchase one million Bitcoins, holding them in trust for the United States. This government-level accumulation shows a long-term vision for incorporating Bitcoin into national financial strategy. But why stop there? Eliminating capital gains tax on Bitcoin would create a positive feedback loop between national policy and personal prosperity. As the federal government invests and holds Bitcoin, private citizens could do the same without facing punitive tax obligations. For everyday Americans, the cost of living and the sting of inflation were focal points of President Trump’s reelection campaign. Traditional strategies—interest rate manipulations, quantitative easing—often amount to rearranging deck chairs on a sinking ship when confronted with truly systemic economic challenges. Bitcoin offers a life raft—dare we say, a digital Noah’s Ark—for Americans trying to preserve and grow their wealth against the erosive forces of inflation. Removing capital gains taxes on Bitcoin would allow citizens to transact, invest, and save in a stable, finite asset without the drain of federal taxes on every incremental gain. The ripple effect here is clear: More people adopting Bitcoin as a store of value and medium of exchange means stronger demand, which could further buttress the U.S. Treasury’s strategic holdings. It’s a virtuous cycle, a positive feedback loop. As Bitcoin’s value grows, so does the nation’s wealth base—helping pay down national debt, bolstering the dollar’s hegemony in global trade, and genuinely making Americans richer and more secure. Bitcoin is no longer a niche experiment reserved for a small band of enthusiasts. It has evolved into a mainstream, urgent priority for everyday Americans—especially the rising generation that will shape our nation’s future economy. This is not some ideological plea; it’s a practical, data-backed reality. According to the Stand With Crypto Alliance , a non-profit dedicated to transparent blockchain policies, more than 52 million Americans now own some form of cryptocurrency. Nearly nine in ten Americans believe the financial system needs updating, and 45% say they would not support candidates who stand in the way of crypto innovation. These numbers represent a sweeping, cross-partisan groundswell: Stand With Crypto’s research shows that 18% of Republicans, 22% of Democrats, and 22% of Independents hold crypto. This cuts through the usual tribal politics and points to a fundamental truth—Bitcoin is now a national policy talking point, not a side note on a fringe agenda. The demand for America to lead is clear. 53% of Americans want crypto companies to be U.S.-based, ensuring that technological innovation and the wealth it generates remain on home soil. Among Fortune 500 executives, 73% prefer U.S.-based partners for their crypto and Web3 initiatives, signaling a corporate desire to keep America at the forefront of global financial progress. Failing to act now risks a replay of past mistakes. America once led the world in advanced manufacturing, yet today 92% of the most sophisticated semiconductor production sits in Taiwan and South Korea. We cannot afford to cede the future financial landscape to other regions. Bitcoin isn’t just another investment class; it is the digital backbone of a rapidly evolving monetary system. If the U.S. wants to preserve its economic hegemony, maintain innovation leadership, and ensure everyday Americans have access to a stable, growth-oriented financial future, it must embrace Bitcoin wholeheartedly. In doing so, the nation can secure its place as the global Bitcoin superpower—uplifting our citizens, strengthening our economic base, and safeguarding our strategic interests in the 21st-century digital economy. By aligning with global best practices and enacting forward-thinking policies, the U.S. can position itself as a beacon of financial liberty and technical innovation. Eliminating capital gains tax on Bitcoin would signal to investors, entrepreneurs, and everyday citizens that America is serious about leading in the 21st century’s digital economy. It’s not just about being “Bitcoin-friendly”; it’s about ensuring that average Americans have the tools they need to navigate turbulent economic waters. The complexity and inefficiency of taxing every digital transaction is an unnecessary burden on innovation and everyday life. Americans deserve better—they deserve the freedom to transact in a digital world without punitive oversight. In essence, this is America’s chance to do what it has always done best: innovate, adapt, and lead. Removing capital gains taxes on Bitcoin wouldn’t just fulfill a campaign promise; it would set the stage for long-term prosperity, empower citizens to secure their financial futures, and cement the United States as the world’s foremost Bitcoin champion. A rising tide, indeed, lifts all boats—and what better vessel to embark upon than a Bitcoin Ark, captained by a visionary administration determined to truly Make America Great Again?Georgia QB Carson Beck's Status for Sugar Bowl Uncertain as He Considers Treatment Options on ElbowArizona junior offensive lineman Jonah Savaiinaea is heading for the NFL. Savaiinaea officially declared for the NFL Draft on Sunday and will forego his senior season, he announced on his social media accounts. Savaiinaea is a projected first- or second-round pick. Savaiinaea is projected by ESPN to land at No. 31 overall to the Detroit Lions. ESPN draft analyst Matt Miller said Savaiinaea is "a mauler in the run game and has shown improved footwork and poise in pass-blocking." Miller also projects wide receiver Tetairoa McMillan as the first Wildcat taken at eighth overall by the Carolina Panthers. It's conceivable Arizona has two first-round picks in the same draft since linebacker Chris Singleton (New England Patriots) and defensive end Anthony Smith (Oakland Raiders) in 1990. In his farewell post on Instagram, Savaiinaea thanked Jedd Fisch and Brent Brennan, his two coaches at the UA, along with offensive line coaches Brennan Carroll and Josh Oglesby and his family and teammates. "Finally, to the Wildcat family, thank you all for welcoming me here in Tucson," Savaiinaea said. "It has been an unforgettable experience the past three years. Thank you for the never-ending support and love." Arizona offensive lineman Jonah Savaiinaea (71) awaits the snap of the football during the Wildcats’ win over Utah on Sept. 28 in Salt Lake City, Utah. The 6-5, 336-pound Savaiinaea, a Tafuna, American Samoa native, switched positions thrice since becoming a Wildcat. After signing with Arizona in 2022 following a standout career at St. Louis High School in Honolulu, Savaiinaea played 2,418 snaps — including 1,057 at right tackle, 985 at right guard and 345 at left tackle. Savaiinaea took over the reins at left tackle once redshirt freshman Rhino Tapa'atoutai suffered a season-ending leg injury, but missed the season finale against Arizona State due to a leg he injury he suffered against TCU. “He’s so special,” Arizona quarterback Noah Fifita said of Savaiinaea. “That’s been the case since he got on campus. He started as a true freshman at guard, moved to right tackle last year and then obviously moved to left tackle when Rhino went down. His versatility, his swagger, his confidence — he’s never afraid to do what he needs to do for the team. “Him being an offensive lineman, he doesn’t get as much attention as he should, but at the end of the day, he’s a first-round draft pick. That’s been that way since he arrived campus. It’s a blessing having him protect us.” Savaiinaea was Arizona's most durable, plug-and-play offensive lineman in the last three years. Savaiinaea allowed eight sacks and five quarterback hits in three years, according to Pro Football Focus. "That speaks to what kind of teammate he is (and) how much he cares about Arizona football," said Brennan. "His willingness to move from right tackle to left tackle, then back to right and back to left. That speaks so much about how much he cares about his team, how much he cares about his teammates and how much he cares about the U of A." Savaiinaea is “an awesome football player and an even better person,” Brennan said. “Anyone who knows big Jonah know he has a huge heart, definitely a hard worker, crazy competitor and it’s so important to him," he added. "I’m excited for the next chapter for him.” Contact Justin Spears, the Star's Arizona football beat reporter, at jspears@tucson.com . On X(Twitter): @JustinESports Respond: Write a letter to the editor | Write a guest opinion Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. Be the first to know Get local news delivered to your inbox! Sports Reporter
How Google is reimagining screenshots into intelligent assistants, “We thought what if Pixel phone adapts to your needs as they come”
San Francisco 49ers quarterback Brock Purdy will not play Sunday and head coach Kyle Shanahan said the lingering discomfort is a concern. Purdy sat out Friday after he participated in the start of Thursday's practice with the 49ers, then retreated indoors for what Shanahan said was a treatment session. Brandon Allen, 32, will start in Purdy's place, and the 49ers are also without defensive end Nick Bosa (oblique). Shanahan said players believe in Allen, even if he's an unknown. "Outside of here people haven't seen a lot of Brandon. But it's his second year (with the 49ers)," Shanahan said. "Obviously guys want Brock up, but guys are excited to see Brandon play." Shanahan said they are "a little surprised" Purdy experienced tightness and discomfort in his shoulder after an MRI exam on Monday that showed no long-term cause for concern. "The way it responded this week, it's really up in the air for next week," Shanahan said of Purdy. Allen is familiar to Packers head coach Matt LaFleur, who was an assistant coach with the Rams during Allen's two-year run in Los Angeles. Allen broke into the NFL in 2016 with the Jaguars and is 2-7 in nine career starts. He went 1-2 with the Broncos in 2019 and 1-5 in six starts over two years with the Bengals in 2020 and ‘21. Shanahan said Allen's confidence grew throughout the week and he doesn't anticipate a major change in how he calls the offense. Left tackle Trent Williams (ankle) also missed practice for the third consecutive day. Without disclosing the nature of the ailment to Purdy's throwing shoulder, general manager John Lynch confirmed Friday an MRI exam took place to determine the severity of any injury. Allen worked with the first team most of Thursday and Friday with Joshua Dobbs also taking snaps. Lynch described Purdy's status for the 49ers (5-5) this week as "tenuous." "Hopefully, he makes progress, and we can have a shot at this weekend, but we'll see," Lynch said in an interview with KNBR in San Francisco. "I think it's tenuous." When Purdy was on the field this week, he primarily worked on the side in position-specific drills with QB coach Brian Griese. Williams played through an ankle injury last week after being listed as questionable but exited the stadium with an exaggerated limp on Sunday. Run game coordinator Chris Foerster said the 49ers aren't where they want to be at 5-5 because they haven't won close games, not because of injuries. "Seven games left is like an eternity," Foerster said. "So much can happen. Do the math. What was our record last year? It was 12-5. I was on a 13-win team that was nowhere near as good as the team last year." With or without Purdy, Foerster said the challenge for the 49ers is not to give up the ball to a defense that has 19 takeaways. The 49ers have 13 giveaways this season. --Field Level Media
Spurs manager Ange Postecoglou savages Timo Werner for 'unacceptable' Rangers display
The creator of the viral ‘Chill Guy’ character has struck a deal with the makers of the $CHILLGUY token, despite previously promising to DMCA any unlicensed for-profit materials. In September 2024, a simple drawing of an anthropomorphic animal character started going vira l on social media. The drawing was illustrated by X user ‘PhillipBanksss’ in 2023, who described the character as “a chill guy that lowkey doesn’t give a f*ck.” A year later, Banks’ post took over the internet like wildfire and continues to be one of the top memes months later (that’s like a million years by internet standards). my new character. his whole deal is he's a chill guy that lowkey doesn't give a fuck pic.twitter.com/aUAb7yFJpJ It wasn’t long before netizens started making their own creations with the ‘Chill Guy’ character and selling them online — something that Banks wasn’t happy about, especially after a crypto coin arose in the market called $CHILLGUY. “Just putting it out there, Chill Guy has been copyrighted,” Banks wrote in a post on November 20, 2024. “Like, legally. I’ll be issuing takedowns on for-profit related things over the next few days.” He went on to explain that he didn’t care if brand accounts used Chill Guy for a trend or meme, but wasn’t a fan of “unauthorized merchandise or sh*tcoins” using his character. not like brand accounts using him as a trend, that's kinda something i dont really care about (i do just ask for credit. or xboxes.). mainly unauthorized merchandise and shitcoins ‘Chill Guy’ creator strikes deal with crypto token However, mere weeks later, it seems that Banks has changed his tune. In a post published on December 12, the progenitor of the famous meme says that he struck a deal with the minds behind $CHILLGUY. “Some members of [the] $CHILLGUY token reached out to me and we had a long discussion,” he explained. “They have been really supportive and nice, and we reached an agreement. “I’ve decided to provide licensing and IP rights to the $CHILLGUY token and team.” Related: Any other crypto tokens using the Chill Guy character (which 99% of are scams) will still receive DMCA takedowns. However, this only applies to this specific token. According to Banks, all other crypto tokens using his copyrighted materials will receive DMCA takedowns for copyright infringement. Banks’ post has received mixed reactions, with some praising the artist for “getting his bag,” while others predict that the $CHILLGUY token will soon be investigated by renowned crypto sleuth Coffeezilla. Banks has made sure to cash in on his characters’ viral fame, even creating a licensed ‘Chill Guy’ plushie that fans can take home to the tune of $30. This is just the latest meme to take over social media after the ‘Superman’ trend got popular on TikTok, prompting teachers to warn parents that it could cause injuries.Liverpool shines in Champions League, dumping Real Madrid down the table. Dortmund rises to 4th Liverpool stayed perfect in the Champions League. A 2-0 win at Anfield dumped title holder Real Madrid into an almost unbelievable 24th place in the 36-team standings. Liverpool's second half ghoals came from Alexis Mac Allister and Cody Gakpo, either side of Madrid superstar Kylian Mbappé having a penalty saved. Borussia Dortmund, is up to fourth place after beating Dinamo Zagreb 3-0. Monaco missed a chance to go second losing 3-2 at home to Benfica. The best comeback was at PSV Eindhoven. Te home team trailed Shakhtar Donetsk by two goals in the 87th minute of a 3-2 win. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
CHARLOTTE, N.C. — Front Row Motorsports, one of two teams suing NASCAR in federal court, accused the stock car series Thursday of rejecting the planned purchase of a valuable charter unless the lawsuit was dropped. Front Row made the claim in a court filing and said it involved its proposed purchase of the charter from Stewart-Haas Racing. Front Row said the series would only approve it if Front Row and 23XI Racing dropped their court case. "Specifically, NASCAR informed us that it would not approve the (charter) transfer unless we agreed to drop our current antitrust lawsuit against them," Jerry Freeze, general manager of Front Row, said in an affidavit filed in the U.S. District Court of Western North Carolina. The two teams in September refused to sign NASCAR's "take-it-or-leave-it" final offer on a new revenue sharing agreement. All other 13 teams signed the deal. Front Row and 23XI balked and are now in court. 23XI co-owner Michael Jordan has said he took the fight to court on behalf of all teams competing in the top motorsports series in the United States. NASCAR has argued that the two teams simply do not like the terms of the final charter agreement and asked for the lawsuit be dismissed. Earlier this week, the suit was transferred to a different judge than the one who heard the first round of arguments and ruled against the two teams in their request for a temporary injunction to be recognized in 2025 as chartered teams as the case proceeds. The latest filing is heavily redacted as it lays out alleged retaliatory actions by NASCAR the teams say have caused irreparable harm. Both Front Row and 23XI want to expand from two full-time cars to three, and have agreements with SHR to purchase one charter each as SHR goes from four cars to one for 2025. The teams can still compete next season but would have to do so as "open" teams that don't have the same protections or financial gains that come from holding a charter. Freeze claimed in the affidavit that Front Row signed a purchase agreement with SHR in April and NASCAR President Steve Phelps told Freeze in September the deal had been approved. But when Front Row submitted the paperwork last month, NASCAR began asking for additional information. A Dec. 4 request from NASCAR was "primarily related to our ongoing lawsuit with NASCAR," Freeze said. "NASCAR informed us on December 5, 2024, that it objected to the transfer and would not approve it, in contrast to the previous oral approval for the transfer confirmed by Phelps before we filed the lawsuit," Freeze said. "NASCAR made it clear that the reason it was now changing course and objecting to the transfer is because NASCAR is insisting that we drop the lawsuit and antitrust claims against it as a condition of being approved." A second affidavit from Steve Lauletta, the president of 23XI Racing, claims NASCAR accused 23XI and Front Row of manufacturing "new circumstances" in a renewed motion for an injunction and of a "coordinated effort behind the scenes." "This is completely false," Lauletta said. Front Row is owned by businessman Bob Jenkins, while 23XI is owned by retired NBA Hall of Famer Jordan, three-time Daytona 500 winner Denny Hamlin and longtime Jordan adviser Curtis Polk. NASCAR had been operating with 36 chartered teams and four open spots since the charter agreement began in 2016. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. The teams contend they must be chartered under some of their contractual agreements with current sponsors and drivers, and competing next year as open teams will cause significant losses. "23XI exists to compete at the highest level of stock car racing, striving to become the best team it can be. But that ambition can only be pursued within NASCAR, which has monopolized the market as the sole top-tier circuit for stock car racing," Lauletta said. "Our efforts to expand – purchasing more cars and increasing our presence on the track – are integral to achieving this goal. "It is not hypocritical to operate within the only system available while striving for excellence and contending for championships," he continued. "It is a necessity because NASCAR's monopoly leaves 23XI no alternative circuit, no different terms, and no other viable avenue to compete at this level." Get local news delivered to your inbox!
Mark Figley: Biden’s legacy of helping himself firstHolt 3-5 4-4 10, Brewer 4-5 0-0 10, Neal 4-12 0-0 12, Skytta 2-5 0-0 5, Vaughns 5-8 0-0 12, Nunn 0-4 4-5 4, Williams 2-9 0-2 4, Dioramma 2-8 2-2 6, Beatty 0-0 0-1 0, Wilson 0-0 0-0 0. Totals 22-56 10-14 63. Celichowski 2-4 3-4 7, Brown 0-2 2-4 2, Duskin 2-6 0-0 6, Mills 7-13 1-3 19, Taylor 2-12 6-9 11, Kearney 1-3 1-2 4, Walker 3-8 1-3 7, Marshall 1-4 3-4 5. Totals 18-52 17-29 61. Halftime_Air Force 33-22. 3-Point Goals_Sacramento St. 9-21 (Neal 4-9, Brewer 2-3, Vaughns 2-4, Skytta 1-1, Holt 0-1, Williams 0-1, Nunn 0-2), Air Force 8-28 (Mills 4-9, Duskin 2-6, Kearney 1-2, Taylor 1-9, Brown 0-1, Marshall 0-1). Fouled Out_Vaughns, Williams. Rebounds_Sacramento St. 37 (Holt 8), Air Force 34 (Taylor 8). Assists_Sacramento St. 13 (Nunn 7), Air Force 14 (Brown, Taylor 5). Total Fouls_Sacramento St. 27, Air Force 19. A_1,529 (5,858).The Onion’s $1.75 Million Offer Faces Legal Scrutiny in Alex Jones Bankruptcy Case
California to consider requiring mental health warnings on social media sitesMELBOURNE, Australia -- The Australian Senate on Thursday began considering a ban on children younger than 16 years old from social media after the House of Representatives overwhelmingly supported the age restriction. The world-first bill that would make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent young children from holding accounts is likely to be passed by the Senate on Thursday, the Parliament’s final session for the year and potentially the last before elections, which are due within months. The major parties’ support for the ban all but guarantees the legislation will become law. But many child welfare and mental health advocates are concerned about unintended consequences. Unaligned Sen. Jacqui Lambie complained about the limited amount of time the government gave the Senate to debate the age restriction, which she described as “undercooked.” “I thought this was a good idea. A lot of people out there thought it was a good idea until we looked at the detail and, let's be honest, there's no detail,” Lambie told the Senate. The House of Representatives on Wednesday overwhelmingly carried the bill 102 votes to 13. Once the legislation becomes law, the platforms would have one year to work out how they could implement the ban before penalties are enforced. The platforms complained that the law would be unworkable, and urged the Senate to delay the vote until at least June next year when a government-commissioned evaluation of age assurance technologies made its report on how young children could be excluded. Critics argue the government is attempting to convince parents it is protecting their children ahead of general elections due by May. The government hopes that voters will reward it for responding to parents' concerns about their children's addiction to social media. Some argue the legislation could cause more harm than it prevents. Criticisms include that the legislation was rushed through Parliament without adequate scrutiny, is ineffective, poses privacy risks for all users, and undermines parental authority to make decisions for their children. Opponents of the bill also argue the ban would isolate children, deprive them of the positive aspects of social media, drive them to the dark web, discourage children too young for social media to report harm and reduce incentives for platforms to improve online safety.
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