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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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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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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Given the Treasury's delay, the proposed crypto taxation rules could not be implemented until 2026. The representatives asked the agencies to provide an update by 24 October. A group of U.
2023-10-12 11:30 | |
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U. S. Senators Elizabeth Warren and Angus S. King, Jr. are pressing the U. S. Department of the Treasury and the Internal Revenue Service (IRS) to hasten the implementation of recently proposed tax reporting rules for cryptocurrency brokers.
2023-10-12 06:00 | |
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The US Department of the Treasury and the Internal Revenue Service (IRS) have proposed new guidelines detailing the reporting duties of cryptocurrency brokers.
2023-9-7 16:21 | |
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The regulations will start being implemented on or after January 1, 2026. The regulations require US-based brokers to file information returns with the IRS using the new Form 1099-DA. The brokers will also be required to provide payee statements to customers.
2023-9-7 11:37 | |
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Patrick McHenry, Chairman of the House Financial Services Committee, commented on newly proposed crypto taxation rules on Aug. 25. The IRS, along with the U. S. Treasury, proposed those taxation rules earlier in the day.
2023-8-26 22:20 | |
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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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The U. S. Treasury Department has proposed updated tax rules aiming to streamline the crypto tax landscape, as reported by the Wall Street Journal. The proposed rules, when fully implemented, will obligate crypto businesses to interact with the IRS in a similar fashion to traditional brokers handling stock and mutual fund portfolios.
2023-8-25 18:55 | |
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The proposed rules require brokers of digital assets to adhere to stringent tax reporting standards.
2023-8-26 17:13 | |
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US Senators urge Treasury and IRS to implement crypto tax rules by December 2023, warning of potential $1.5 billion revenue loss. Four U.S. Senators, Elizabeth Warren, Robert P. Casey, Jr., Richard Blumenthal, and Bernard Sanders, have sent a letter to…
2023-8-3 16:25 | |
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In a recent letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, US Senators led by Elizabeth Warren have demanded prompt action on implementing new tax reporting requirements for digital asset brokers.
2023-8-3 13:00 | |
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3. 5 Turbo US Congressmen Brad Sherman and Stephen Lynch have urged the US Treasury and IRS to curb "major tax evasion" in the crypto industry. The lawmakers argue that brokers need the new laws to comply with filing requirements for the 2023 financial year.
2023-6-8 17:30 | |
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Congressmen Brad Sherman and Stephen Lynch called the crypto industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations.
2023-6-7 11:39 | |
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In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, two members of Congress raised concerns about the tax compliance practices in crypto.
2023-6-6 09:15 | |
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Coinspeaker IRS to Treat NFTs Like Physical Art as Concerns Rise over Taxation Following the announcement, a section of the crypto community on Twitter has heaped praises on the IRS and Treasury Department for taking such a detailed approach instead of regulating through enforcement.
2023-3-22 13:26 | |
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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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The US Internal Revenue Service (IRS), a bureau of the Department of Treasury, recently added a question regarding cryptocurrency ownership to its standard 1040 income tax form for the upcoming tax filing season. A draft...
2019-10-13 12:37 | |
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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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A cluster of major US inflation and jobs reports due this week could spike volatility in stocks and crypto, with Fed policy expectations in focus as liquidity drops. A series of U.S. economic data releases scheduled for this week could…
Kraken's parent company made a first step toward an IPO, hoping to follow the path of Circle, Gemini, Bullish, and Figure Technologies
New Hampshire has once again notched the first position among other U.S. states after launching a Bitcoin-backed municipal bond. New Hampshire’s business financing agency, the Business Finance Authority, signed the approval on Nov 17 to authorize a “first of its…
United States authorities have indicted Chicago-based crypto ATM operator Virtual Assets LLC and its founder, Firas Isa, with money laundering charges involving fraud and narcotics proceeds. Isa and his firm operated Crypto Dispensers, a company whose core business involved offering…
The U. S. Senate Banking Committee will vote in December 2025 on comprehensive cryptocurrency market structure legislation, according to committee Chair Tim Scott on a recent television interview on Fox News.
Will the White House proposal give the IRS broader access to offshore crypto data as agencies push for tighter tax oversight? The White House is examining a proposed rule that would give the Internal Revenue Service access to data on…
Treasury yields, Federal Reserve policy, have put pressure on risk assets, including Bitcoin, during the government shutdown. The longest government shutdown in U.S. history is over, but the crypto markets are still in the red. Just hours after lawmakers finalized…