1 Way to Revive Dead NFT Wallets
[Nov 22, 2023 10:02 AM] Conceptual artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.
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U.S. Lawmakers Urge Treasury to Revise Proposed Crypto Tax Rules
[Nov 16, 2023 12:56 AM] A letter by a bipartisan group of U.S. lawmakers has urged the U.S. Treasury to revise its proposed digital-assets taxation regime.
IRS Says US Taxpayers Are the Most Targeted for Pig Butchering Crypto Scams
[Nov 16, 2023 12:30 AM] The Internal Revenue Service (IRS) has issued a warning about pig butchering cryptocurrency scams. IRS Criminal Investigation special agents stressed that these schemes are popping up across the globe, emphasizing: “U.S. taxpayers are…
Congress Gets the Runaround From Regulators, Again
[Nov 15, 2023 4:04 PM]
‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules
[Nov 14, 2023 1:51 PM]
Delaware, We Need to Talk
[Nov 14, 2023 12:30 PM] Some sectors of the crypto industry were excited (and/or confused) by an apparent BlackRock XRP Trust filing in the state of Delaware, suggesting the massive asset manager may try to launch an XRP exchange-traded fund (ETF) after applying to launch…
Crypto advocacy group pushes back against proposed IRS rules on brokers
[Nov 13, 2023 2:20 PM] The Blockchain Association claimed the U.S. Treasury overstepped its authority in proposing crypto tax rules difficult or impossible to follow by many in the space.
The IRS Should Offer a Free Tax Reporting Tool to DeFi Users
[Nov 13, 2023 8:38 AM] Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."
The IRS Should Heed This Warning
[Nov 13, 2023 8:09 AM]
Expect new IRS crypto surveillance to come with a surge in confiscation
[Nov 7, 2023 3:37 PM] The Justice Department is claiming that it's "critical" for it to have the power to seize cryptocurrency from Americans — even if a judge never signs off.
'Bruno Brock', Founder of Oyster Pearl, Gets Four Year Jail Term for Tax Evasion
[Nov 1, 2023 1:55 AM] Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million.
Kraken Begins Notifying Customers It Will Send Their Data to the IRS This November
[Oct 26, 2023 3:00 PM] Cryptocurrency exchange Kraken is sending a letter to clients notifying them that after losing a lengthy court case, they will need to turn over sensitive data to the Internal Revenue Service (IRS) after a legal battle that began in May 2021…
IRS extends comments period for new crypto tax rule to mid-November
[Oct 25, 2023 2:02 AM] The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in 2025.
IRS proposes unprecedented data-collection on crypto users
[Oct 23, 2023 12:01 PM] The IRS is looking to require crypto service providers to collect unprecedented swaths of data about their users — including names and Social Security numbers.
IRS crypto tax reporting rules threat to industry — Coinbase legal chief
[Oct 19, 2023 2:27 AM] The IRS proposed the new crypto tax reporting rules in August, and if approved, the new crypto tax regime will come into effect from January 2026.
The explosive revelations of Caroline Ellison: Law Decoded
[Oct 16, 2023 2:30 PM] SBF’s former girlfriend admits to fraud during her time as CEO of Alameda Research.
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule
[Oct 12, 2023 7:30 PM] Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted…
Coinbase Sounds Alarm on IRS Crypto Tax Proposal
[Oct 12, 2023 3:00 PM] As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.
US lawmakers urge IRS to implement crypto tax reporting requirements before 2026
[Oct 11, 2023 3:45 PM] The crypto tax reporting requirements proposed by the IRS in August are currently scheduled to go into effect in 2026 — according to 7 senators, that isn't soon enough.
IRS Proposed Rule on Digital Asset Broker Reporting Could Kill Crypto in America
[Sep 26, 2023 7:42 AM] The proposal creates unworkable requirements for decentralized finance in the U.S. and serves as an important cautionary tale.
US Treasury, IRS propose cryptocurrency regulations for brokers
[Sep 7, 2023 2:05 AM] Brokers — referred to as “digital asset middlemen” in the regulatory proposal — will be required to provide information on gains and losses incurred during the sale of crypto assets.
Tornado Cash Indictments May Prove to Be Just a Localized Storm After All
[Aug 29, 2023 6:00 PM] The Tornado Cash indictments could be another tipping point for crypto. How the case plays out could define how the federal government can deal with decentralized trading platforms if they’re seen as broad precedents. But the case may be much more…
US Congress Members Clash on the Potential Effect of Proposed Tax Rules on the Crypto Industry
[Aug 29, 2023 4:30 PM] Members of the U.S. Congress have expressed concerns about the possible problems that implementing the newly proposed crypto tax reporting requirements could create in the entire industry. Patrick McHenry, Cynthia Lummis, and others reacted…
New tax rules for crypto in the US: Law Decoded
[Aug 28, 2023 2:30 PM] The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers.
Robinhood accumulated $3B in Bitcoin in 3 months — What does this mean for markets?
[Aug 25, 2023 2:45 PM] Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks.
IRS releases draft of proposed reporting rules for digital asset brokers
[Aug 25, 2023 10:40 AM] House Financial Service Committee chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.”
Sweeping U.S. Tax Proposal Met With Boos From Crypto World
[Aug 25, 2023 9:23 AM] An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings.
US Treasury And IRS Propose Regulations On Bitcoin & Crypto Transactions By Brokers
[Aug 25, 2023 8:13 AM] Today, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) have jointly announced a set of proposed regulations focusing on the sale and exchange of digital assets by brokers. The is part of the broader strategy set forth by…
U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges
[Aug 25, 2023 6:45 AM] The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations and answering a years-old question over whether…
Coin Center responds to US lawmakers’ request for crypto tax guidance
[Aug 21, 2023 2:40 PM] The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks.