In China, officials reportedly bypass a crypto ban using cold wallets for bribery, underscoring the difficulty in regulating decentralized technologies. In the US, the new IRS mandate on crypto transactions over $10,000 faces legal challenges for its complexity, particularly affecting decentralized exchanges and miners. Meanwhile, the cultural landscape is also influenced, as seen in the Netflix documentary "Bitconned," exploring a major crypto scam, and the introduction of Mickey Mouse's "Steamboat Willie" into the public domain, inspiring a new meme cryptocurrency.
