TSB: EU DAC8 Regulation - Are Crypto Holders At Risk?

Summary

The Block's daily show covers top news including Japan reclassifying crypto as financial products, US Treasury sanctions on Iranian wallets, an Ethereum privacy team spin-out, a CFTC vs Michigan dispute over prediction markets, US-UK stablecoin cooperation, Bitcoin's jump after soft CPI data, and the ECB's digital euro pilot. The main interview features Francis Pulio, founder of Bull Bitcoin, discussing his legal challenge in France against the EU DAC8 directive, which would force automatic mass reporting of crypto user data to tax authorities. He argues the database creates a honeypot risking leaks and violent attacks, while sharing his long-term bullishness on Bitcoin's cypherpunk development.

• Japan passes law classifying crypto as a financial product and cuts crypto tax rates.
• US Treasury sanctions Iranian-linked crypto wallets, Tether froze funds.
• Ethereum Foundation privacy team spins out as ETH systems for institutional privacy.
• CFTC orders Kalshi to honor Michigan trades, clashing with state court order.
• US and UK treasuries issue a joint statement on regulated stablecoins and market cooperation.
• Bitcoin rose above $64,000 after a larger-than-expected drop in US June CPI.
• ECB selects 36 providers for a digital euro pilot set for H2 2027.
• Bull Bitcoin CEO Francis Pulio challenges EU DAC8 in French court on privacy and proportionality grounds, warning the automatic transaction reporting database will be leaked and endanger holders.