Latest: The U.S. Congress' opening priority for the crypto industry *is to quickly finish a STABLECOIN oversight bill, and the House of Representatives has released the text of its version on Wednesday,* following in the heels of a recent committee approval of its Senate counterpart.

Updated: March 27, 2025
https://www.coindesk.com/policy/2025/03/26/u-s-house-stablecoin-bill-goes-live-in-flurry-of-crypto-activity-on-capitol-hill

*.......many lawmakers involved in crypto efforts on Capitol Hill all appeared on Wednesday at the DC Blockchain Summit.*

*.......the Senate and House have both previously passed the resolution, The vote passed, with 70 Senators voting in support and 28 voting against. The previous Senate vote passed 70-27.*

The House version of stablecoin legislation was released publicly as another bill on crypto clarity was reintroduced and the Senate weighed its crypto Internal Revenue Service's efforts.

Emmer, Steil and many other lawmakers involved in crypto efforts on Capitol Hill all appeared on Wednesday at the DC Blockchain Summit, a crypto policy event hosted by the Digital Chamber. Most of them shared hopes that the stablecoin effort would be completed by August.

As the conference wrapped up, the Senate prepared to vote for a second time on a Congressional Review Act resolution overturning the IRS' 2024 regulation governing decentralized finance (DeFi) brokers, *aimed at overturning the Internal Revenue Service's (IRS) reporting requirements for decentralized finance (DeFi) platforms.* This legislation would exempt DeFi protocols from the obligation to report user information in the same manner as traditional brokers.

Previously, the IRS mandated that DeFi brokers report the total proceeds from digital asset sales and provide customers with Form 1099, which includes collecting user transaction details such as names and addresses. *This move by the Senate seeks to alleviate the reporting burden on DeFi platforms, aligning them differently from conventional brokerage firms. The Senate and House have both previously passed the resolution, which U.S. President Donald Trump is expected to sign, but the Senate needed vote on it again due to a procedural rule requiring the House to vote first on tax-related issues.*

*The vote passed, with 70 Senators voting in support and 28 voting against. The previous Senate vote passed 70-27.*

In a statement, DeFi Education Fund Executive Director and Chief Legal Officer Amanda Tuminelli said the group "commends the bipartisan supermajority of Congressional leaders who voted in favor of the “DeFi Broker” CRA resolution, recognizing the severe and far-reaching consequences of the IRS’ misguided rulemaking."

*The US Senate is preparing to hold a final vote today March 27 to nullify the Internal Revenue Service's (IRS) broker reporting rule for DeFi.*

*Some of the above news updates were also gathered from Binance and Cryptoslate websites.*

PRESS RELEASE
FUNDAMENTAL RIGHTS: IGP REITERATES BAN ON PUBLIC PARADE OF SUSPECTS, REASSURES OF ADEQUATE PROTECTION FOR RIGHTS.

The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, has reiterated the ban on the public parade of suspects by the operatives of the Nigeria Police Force. This commitment by the IGP aims to uphold the fundamental human rights of every citizen and adhere to global best practices in policing by reiterating the standing directive prohibiting the public parade of criminal suspects before formal charges are filed in a court of law.

This directive, previously communicated to all commands and zones within the Police Force, is a cornerstone of the Nigeria Police Force's modernization efforts and reflects its dedication to respecting the fundamental rights of all individuals, including those suspected of criminal activity. The IGP emphasized that this policy is aligned with international human rights standards, which prioritize the protection and preservation of the dignity and rights of individuals throughout the judicial process.

The Nigeria Police Force is committed to operating within the bounds of the law and promoting a culture of respect for human rights among its personnel. The IGP seeks the understanding and cooperation of the public, particularly members of the media, in adhering to this directive. Responsible reporting and adherence to ethical journalistic practices are vital in maintaining public trust and ensuring a fair and impartial justice system that respects the rights and dignity of all individuals.

ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI,
FORCE PUBLIC RELATIONS OFFICER,
FORCE HEADQUARTERS,
ABUJA.

11TH MARCH 2025

*AZINONET*

Press Release
*Going Strong Into The New Year* – *Message from Azinonet CEO, Enoch Azigbeotu*
*By Azinonet*
*December 25, 2024*


A heartfelt New Year message from the CEO of Azinonet, highlighting the visions and key updates for the system in 2025:

Dear Valued Members of the Azinonet Community,

As we step into the new year, I want to express my deepest gratitude for your unwavering commitment and participation in the Azinonet digital contribution system. We are now over 17,000 member strong and growing.

Your dedication has made 2024 a year of significant growth and impact, and I am incredibly excited about what we will achieve together in 2025.

Looking ahead, we are committed to enhancing the Azinonet platform to better serve you and empower our community. We have listened to your feedback, and I am thrilled to share some of the key updates and improvements we are implementing in the coming year:

*System Optimization:*
We are dedicated to ensuring that the Azinonet platform is robust and efficient. In 2025, you can expect significant improvements in several areas, including:
Enhanced server management and monitoring to ensure smooth and uninterrupted access to the system.

Email API resolution for reliable communication.

A refined notification system to keep you informed of all important updates and activities.

UI and UX optimization to create a more intuitive and user-friendly interface.

Sub-admin management to streamline processes and enhance efficiency.

These upgrades are designed to make your experience with Azinonet seamless and more productive.

*Information Management:* Transparency and trust are fundamental to our approach. In 2025, we will be providing you with more accessible and timely information:
Regular updates, event announcements, and press releases to keep you in the loop.

An aggregation of marketing materials to help you effectively share the Azinonet opportunity.

A revamped website with updated information and structure, including detailed profiles of our operations and active team members, making it easier to understand who we are and what we stand for.

A collection of testimonials from members, to show the real-life impact of Azinonet.
Certifications, demonstrating our commitment to legitimacy.

A comprehensive contact center directory so you always have access to the support you need.
Weekly updates from Board leaders and featured cashouts to showcase our success stories.
Stories of impact that highlight how Azinonet is transforming lives, as well as clear Terms and Conditions, a Privacy Policy and UGCs, ensuring you are well informed and protected.

*Business Intelligence:* We are committed to leveraging data to drive improvements and help you achieve your financial goals. In 2025, we will enhance our business intelligence capabilities through:

Dashboard optimization for better performance tracking.

Advanced data analytics and Google Analytics integration to monitor and understand our system’s effectiveness.

A robust data strategy to make informed decisions and provide more targeted support.
Improved financial and accounting reporting to provide clear and accurate insights.

These strategic enhancements demonstrate our dedication to providing you with a robust, transparent, and efficient system.

We are more determined than ever to make Azinonet a leading platform for financial empowerment, not just in Nigeria, but across Africa and beyond.

As we move into 2025, I urge you to take advantage of these improvements and continue your journey towards financial freedom.

Remember, the key to success is taking action, and Azinonet is here to provide you with the support and opportunities you need to achieve your goals. This is a system created for us, by us, and we must maximize it.

Thank you for your continued partnership. I am confident that together, we will make 2025 an exceptional year for the Azinonet community. I wish you and your loved ones a prosperous and fulfilling New Year!

Sincerely,

*Enoch Azigbeotu*
*CEO, Azinonet*

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