Federal Regulators Are Needed for Crypto Oversight: U.S. Accountability Office

Regulators lack an ongoing coordination mechanism for addressing blockchain risks in a timely manner, the report says

• 2023-07-25
• Financial Services Committee Financial Stability Oversight Council Rep. Maxine Waters financial regulators financial regulator Stephen Lynch crypto assets coordination mechanism financial transactions regulatory concerns

U.S. Lawmakers Urge IRS, Treasury to Hurry Crypto Tax Rules

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.

• 2023-06-07
• Internal Revenue Service U.S. Treasury Department Brad Sherman Stephen Lynch House Committee on Financial Services reporting requirement