In an opinion piece for CoinDesk, Ken Timsit, managing director of blockchain company Cronos Labs, wrote that French President Emmanuel Macron’s efforts to make his country a leader in Web3 are paying off, with major companies including Circle, Crypto.com, and Binance, the largest crypto exchange in the world, selecting Paris as their European headquarters. France has hosted industry-leading events such as NFT Paris, Paris Blockchain Week, and EthCC, while Macron has also implemented policies like tax cuts for crypto profits.

Amid a regulatory crackdown in the United States, billionaire Mike Novogratz's cryptocurrency group, Galaxy Digital, is expanding into Europe, seeking to establish a strong presence in the region, according to Financial Times. Leon Marshall, Galaxy's first head of Europe, says one key motivator for this expansion is the progress that's been made in Europe in developing legal frameworks for trading digital assets.

Leaders of the House Financial Services Committee have sent a formal letter to Jerome Powell, Chairman of the Federal Reserve Board, voicing their objections against the Fed's recent supervision and regulatory letters concerning the digital asset ecosystem.

The U.S. Department of the Treasury and IRS have unveiled new proposed rules aimed at improving job quality in the clean energy sector. The guidelines, part of the Inflation Reduction Act, offer enhanced tax incentives for companies that meet specific wage and apprenticeship standards.

The U.S. Treasury Department has released an in-depth report asserting the critical role labor unions play in bolstering the American economy and enhancing the well-being of the middle class, according to a department press release.

The U.S. Treasury Department has proposed new regulations on the sale and exchange of digital assets by brokers, aiming to curb tax evasion and clarify tax obligations. The move has sparked debate among industry stakeholders.