2025-3-9 19:17 |
Overturning the IRS rule could boost DeFi innovation by reducing compliance burdens, but may raise concerns about tax evasion and transparency. The post Trump’s administration backs resolution to undo IRS DeFi broker rule appeared first on Crypto Briefing. origin »
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Could DeFi survive under outdated financial regulations? Experts suggest that forcing decentralized platforms into compliance models designed for banks would have been disastrous, proving why policymakers must rethink their approach.
2025-3-8 21:53 | |
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Could DeFi survive under outdated financial regulations? Experts suggest that forcing decentralized platforms into compliance models designed for banks would have been disastrous, proving why policymakers must rethink their approach.
2025-3-8 21:53 | |
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Senate passed a resolution to overturn the controversial IRS DeFi broker rule with a 70–27 majority vote. The White House backed repealing this “midnight regulation,” signaling a strong pThe post Congress votes '70-27' to end IRS rule that could ‘kill’ DeFi - Details appeared first on AMBCrypto.
2025-3-6 01:00 | |
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The U.S. Senate has voted 70-27 to overturn an Internal Revenue Service rule that would have imposed new reporting requirements on decentralized finance brokers. As reported by Business Insider, the motion presented by Senator Ted Cruz, was approved under the…
2025-3-5 05:44 | |
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Donald Trump’s advisers said they would recommend that the president sign a resolution repealing the IRS rule into law if passed by the House and Senate.
2025-3-5 19:29 | |
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The United States Senate will vote this week on a resolution seeking to overturn the Internal Revenue Service’s crypto reporting rule, which industry players argue threatens the decentralized finance sector.
2025-3-3 20:10 | |
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Senate leaders are said to be queuing up votes to reverse two Biden-era regulations tied to digital assets: the IRS DeFi rule and a CFPB digital-payments rule.
2025-3-4 16:00 | |
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A controversial tax rule proposed by the U. S. Internal Revenue Service, requiring decentralized finance brokers to report crypto transactions, could be overturned as lawmakers have pushed to repeal it.
2025-2-28 11:11 | |
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Lawmakers have taken a step toward overturning a tax rule that mandates “custodial brokers” to gather and report user data to the IRS. The measure, which has sparked debate over its potential impact on financial institutions and taxpayers, now awaits a vote in the full House of Representatives. On Wednesday, the US House Ways and […]
2025-2-27 23:24 | |
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The IRS recently introduced a new rule stating that investors must use wallet-based cost tracking. And it’s likely the first of many such changes around the world, says Robin Singh, founder and CEO of crypto tax platform Koinly.
2025-1-22 18:30 | |
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Senator Ted Cruz of Texas is preparing to challenge a newly finalized IRS cryptocurrency regulation using the Congressional Review Act The rule requires decentralized cryptocurrency exchanges to collect customer information, including names and addresses, and issue tax forms to users.…
2025-1-18 00:25 | |
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On Jan. 9, 2025, congressman Earl Carter proposed a bill replacing the US tax code with a national consumption tax and abolishing the IRS. Earlier this month, the IRS was sued by Blockchain Association over the new reporting rule. New…
2025-1-15 02:00 | |
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IRS delays FIFO rule, giving crypto investors time to use flexible accounting methods like HIFO and Spec ID. Legal challenges question IRS’s expanded reporting rules for digital assets, citinThe post IRS delays FIFO rule until late 2025 - Will it ease crypto tax burdens? appeared first on AMBCrypto.
2025-1-2 14:30 | |
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The Blockchain Association, DeFi Education Fund, and Texas Blockchain Council jointly filed the legal challenge in the U.S. District Court for the Northern District of Texas.
2024-12-28 17:55 | |
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В последние дни 2024 года Налоговая служба США (IRS) опубликовала документ с жёсткими требованиями к децентрализованным торговым сервисам. Новый “broker rule” обязывает DeFi-платформы, работающие в формате фронтенд-сервисов, собирать идентификационные данные (KYC) с пользователей, а также отчитываться перед налоговыми органами о транзакциях и позициях по криптовалютам и NFT.
2024-12-28 17:44 | |
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The groups argue the rule oversteps statutory authority, infringes on privacy rights, and imposes excessive burdens on developers, potentially stifling innovation. The post IRS Faces Legal Pushback Over New DeFi Compliance Rules appeared first on BeInCrypto.
2024-12-28 14:00 | |
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Uniswap chief legal officer said the IRS DeFi broker rule "absolutely should be challenged," while a Consensys lawyer argued that the ruling was released on “the last Friday of 2024 in the middle of a holiday stretch on purpose.”
2024-12-28 08:00 | |
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Crypto think tank Coin Center will get another shot at suing the U.S. Treasury Department over what it says is an “unconstitutional” amendment to the tax code that would require Americans to disclose the details of certain crypto transactions to the Internal Revenue Service (IRS).
2024-8-21 16:09 | |
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The Washington DC-based blockchain advocacy group argued the IRS' broker rule provisions violate the Paperwork Reduction Act.
2024-6-23 00:45 | |
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The U.S. Internal Revenue Services (IRS) has previewed what crypto investors' future tax form might look like when it finishes its much-debated rule on how cryptocurrency transactions should be reported to the federal government.
2024-4-20 20:50 | |
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While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper overreach, questions posed by a panel of IRS and Department of the Treasury officials at a Monday hearing may reveal some flexibility in the rule as it's still being written.
2023-11-14 23:20 | |
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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."
2023-11-14 17:38 | |
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The U.S. Treasury Department and IRS are poised to bring fresh crypto tax reporting rules into effect. The crypto industry largely seems opposed – the majority of comments I read urged caution or raised concerns about the proposal as written while only a relative few seemed to support it.
2023-11-8 20:30 | |
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The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in 2025.
2023-10-25 11:02 | |
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The proposal creates unworkable requirements for decentralized finance in the U.S. and serves as an important cautionary tale.
2023-9-26 16:42 | |
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The US Treasury Department has recently published a proposed rule requiring cryptocurrency brokers, including exchanges and payment processors, to report user information regarding sales and exchanges of digital assets to the Internal Revenue Service (IRS).
2023-8-26 21:03 | |
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Coin Center filed a lawsuit against the U.S. Treasury Department for drafting an unconstitutional amendment to the infrastructure bill. The post Coin Center Sues U.S. Treasury and IRS Over ‘Unconstitutional’ Tax Reporting Rule appeared first on BeInCrypto.
2022-6-12 21:43 | |
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In this roundup, we cover numerous cryptocurrency regulatory developments in the U. S. , including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule.
2020-2-18 15:10 | |
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On November 16, 2018, the U. S. Securities and Exchange Commission (SEC) issued a public statement clarifying its intent to regulate activities involving the issuance and trading of digital assets.
2018-11-21 01:44 | |
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In Toulouse, France, residents can pay for their metro, tram, cable car, and bus tickets with Bitcoin and other cryptocurrencies. In fact, starting on March 17, Toulouse became the first European city where crypto can legally be spent on public…
Trump's pardons may influence future regulatory approaches to crypto platforms and highlight the intersection of politics and financial regulation. The post Trump pardons BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed appeared first on Crypto Briefing.
The Federal Deposit Insurance Corporation (FDIC) issued new guidance on March 28 clarifying that FDIC-supervised banks may engage in crypto-related activities without first obtaining the agency’s approval, provided they manage the associated risks by safety and soundness standards.
On-chain data shows that Ethereum’s continued price slide has pushed hundreds of millions in leveraged DeFi positions to the edge of liquidation. According to data from the DeFi analytics platform DefiLlama, around $319.
The approval could enhance mainstream adoption of crypto investments, offering diversified exposure and potentially stabilizing AVAX's market presence. The post Nasdaq seeks SEC approval to list Grayscale’s spot Avalanche ETF appeared first on Crypto Briefing.
South Carolina's Bitcoin investment bill could diversify state funds, hedge against inflation, and influence broader digital asset adoption. The post South Carolina proposes new bill authorizing up to 1 million Bitcoin investment appeared first on Crypto Briefing.
The Senate Banking Committee has reportedly delayed its vote on the nomination of Paul Atkins as the next chair of the U.S. Securities and Exchange Commission Journalist and host of Crypto in America podcast Eleanor Terrett, shared this development via…
