The U.S. Treasury Department is set to ease tax regulations for corporations dealing in cryptocurrencies, a move expected to simplify compliance and reduce burdens on businesses. This development comes as the crypto industry calls for a new nominee for the Commodity Futures Trading Commission (CFTC) following the White House's decision to drop Brian Quintenz from consideration. In a related regulatory update, the Securities and Exchange Commission (SEC) has announced that state-chartered trust companies will now be permitted to offer crypto custody services. This expansion aims to enhance the security and accessibility of digital asset management for institutional investors.