Decentralized platforms may benefit from strict US crypto tax laws
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders.
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The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders.
The United States Treasury Department and the Internal Revenue Service (IRS) received more than 44,000 comments after proposing the rule.
The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act.
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the […]
The final regulation treats DeFi front-ends as brokers, demanding the disclosure of gross proceeds from sales of digital assets.
The US tax agency denied arguments from a second lawsuit brought by Joshua and Jessica Jarrett over staking rewards.
A Texas Bitcoin investor faces prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent.
Gaetz’s nomination for US attorney general signals a potential shift in the DOJ’s stance on crypto, innovation and regulatory policies.
A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid.
Detained in Nigeria for more than six months and with reported deteriorating health, Tigran Gambaryan likely won’t return to court until Oct. 9.
