2025-7-11 20:24 |
U.S. Treasury officially removed the IRS's rule for DeFi transaction reporting. origin »
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Andreessen Horowitz’s blockchain arm, A16z Crypto, has criticized the US Internal Revenue Service (IRS) and the Treasury Department over their new DeFi rules. In a Dec. 30 post on X, Michele Korver, the head of regulation at A16z, announced its support for the legal challenge led by the Blockchain Association, DeFi Education Fund, and Texas […] The post A16z is suing IRS over new DeFi rules appeared first on CryptoSlate.
2024-12-30 14:05 | |
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The US Department of the Treasury and the Internal Revenue Service (IRS) have released the final version of its broker rules to digital assets services providers, which includes provisions on requiring DeFi protocols to conduct Know-Your-Customer (KYC) procedures.
2024-12-27 21:06 | |
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The Blockchain Association, a nonprofit representing crypto and blockchain businesses in the U. S. , sent a letter to president-elect Donald Trump and Congress on Friday. In the letter signed by Blockchain Association CEO Kristin Smith, the organization outlined five priorities for the first 100 days of Trump’s administration.
2024-11-24 02:35 | |
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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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While industry advocates have welcomed the finalized crypto tax measures after years of wrangling, messy deliberations about non-custodial providers still lie ahead. It’s been a long time consuming, but the Internal Revenue Service and the Treasury Department have finally agreed…
2024-7-5 21:44 | |
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The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance and non-hosted wallets, although rules for those will come later in the year.
2024-7-2 22:03 | |
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The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi and unhosted wallets as it continues to study 44,000 comments to the agency.
2024-7-3 23:15 | |
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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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Last year, US legislatures were torn between supporting and rejecting the Infrastructure Bill due to its lack of clarity. However, the recent announcement by the US Treasury is a major win for the cryptocurrency industry.
2022-2-15 13:55 | |
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The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations.
2022-2-14 11:52 | |
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Former IRS supervisor Greg Monahan replaces Karen Leong as the global money laundering reporting officer of Binance.
2021-8-18 14:07 | |
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In May 2021, the US treasury department released a new report with some new guidelines that all businesses making $10 thousand or more inflows and outflows must report to the Internal Revenue Services.
2021-5-21 12:31 | |
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In the latest of a series of moves to regulate the leaping trillion dollar cryptocurrency market, the US treasury has now mandated that Crypto transfers worth $10,000 and above, must be reported to the IRS.
2021-5-21 00:04 | |
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Continued political buzz is abundant lately around crypto, and today is no exception. In a initial report from Bloomberg this morning, the U.S. Treasury has shared intent to require businesses, and likely individuals as well, that transfer $10,000 USD and above in crypto to report the transactions to the IRS. The move is part of […]
2021-5-21 22:13 | |
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The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury […]
2021-5-20 20:32 | |
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A Treasury report says that all crypto transactions over $10,000 have to be reported to the IRS
2021-5-21 19:19 | |
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Announced this last Wednesday, The U. S. Department of Treasury has awarded two grants to blockchain tracking and monitoring firms, Chainalysis and Integra FEC. Both firms received $625,000 in grants in a bid to develop privacy-focused blockchain transactions such as Monero and Layer-2 protocols.
2020-10-2 22:18 | |
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It has been no secret that the top federal law enforcement agency under the U. S Department of Treasury, the Criminal Investigation Division (CI), is keenly following digital assets to trace for any signals of illicit activity.
2020-7-3 15:02 | |
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Coinspeaker Treasury and IRS to Extend Taxpayer Deadline by 90 Days Due to CoronavirusTreasury and the Internal Revenue Service (IRS) have decided to support people affected by the coronavirus and to offer taxpayers a 90-day delay in filing their 2019 taxes.
2020-3-18 16:39 | |
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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 an open letter to the Internal Revenue Service (IRS), the U. S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes.
2018-9-21 23:35 | |
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The U.S. Securities and Exchange Commission has recently said that several past enforcement actions against crypto firms failed to deliver investor benefits and misinterpreted securities laws. In a statement outlining its 2025 enforcement results, the SEC said that since fiscal…
The Federal Deposit Insurance Corporation has proposed new rules under the GENIUS Act to oversee stablecoins issued through the banking system. According to a statement released on Tuesday, the board of directors voted to propose a rule that would set…
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