‍Ethereum Foundation Prioritizes 128-bit Security Standard by 2026 The Ethereum Foundation is shifting its focus from transaction speed to long-term network security, aiming for a full implementation of a 128-bit security standard by 2026. This move addresses concerns that current high-throughput solutions, particularly zkEVMs, may rely on unverified mathematical assumptions, creating vulnerabilities for state data manipulation. The Foundation will provide tools for enhanced formal verification and cryptographic security assessments, ensuring all Layer 2 solutions meet the new standard. This strategy emphasizes the integrity of the ledger as Ethereum's primary value proposition, securing billions in assets against future cryptographic advancements.
‍New US Crypto Bill Proposes Stablecoin Tax Exemptions and Staking Deferrals Representatives Max Miller (R-OH) and Steven Horsford (D-NV) have introduced the Digital Asset PARITY Act, a bipartisan bill aiming to update the crypto tax framework. The proposed legislation includes a $200 de minimis exemption for capital gains on personal stablecoin transactions, intended to simplify everyday commerce with digital assets. Additionally, it seeks to allow a five-year tax deferral for staking and mining rewards, recognizing them at fair market value after the deferral period. This aims to provide clarity and reduce administrative burdens for investors and businesses in the digital asset ecosystem.