Crypto Rules Delay Puts Billions in Tax Revenue at Risk

Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law.

• 2023-08-02
• Treasury Department President Biden tax rules CRYPTO investors

What’s at the center of the U.S.-China power struggle? Crypto

The way the U.S. can win is with bold thinkers and entrepreneurs pushing the limits of the system with responsible technological innovation.

• 2023-07-29
• global markets China Bank of China crypto cryptocurrency exchanges U.S. technological innovation America

U.S. Senate Passes $886B Military Spending Bill With Crypto AML Provision

The amendment takes aim at crypto mixers and “anonymity-enhancing” crypto assets.

• 2023-07-28
• Cynthia Lummis National Defense Authorization Act Kirsten Gillibrand U.S. Senate crypto Roger Marshall Senator Warren Elizabeth Warren crypto trading

Crypto Is Back From the Dead After Court Ruling. Why It’s a Big Moment.

The FTC investigates ChatGPT over AI data fears, retailers face a crucial back-to-school spending season, and other news to start your day.

• 2023-07-14
• The Federal Reserve Federal Trade Commission Alex Mashinsky Nokia Ericsson Crypto

UK to Exclude 'Unbacked’ Cryptocurrencies From Digital Securities Sandbox Initiative

The British government does not plan to modify the existing legislative framework for derivatives and unbacked cryptocurrencies like Bitcoin.

• 2023-07-11
• digital assets Treasury market efficiency Digital Securities Sandbox DSS crypto the UK Distributed Ledger Technology

Despite the regulatory darkness in America, crypto’s dawn is nigh: Opinion

Crypto’s current turmoil in the US stands in stark contrast to other jurisdictions that are paving paths to for the industry to shine, writes Sean O’Connor.

• 2023-07-10
• regulatory framework America crypto

Crypto Without the US? Don’t Bet on it, Says BITKRAFT Legal Manager

BITKRAFT'S legal counsel believes the U.S. is getting regulatory clarity soon. He also predicts AI will be a boon to venture capital firms.

• 2023-07-07
• BITKRAFT la Esperanza Crypto digital assets

Why a wash sale rule for crypto may be coming soon — and what this means for you: Opinion

For years, crypto and NFT investors enjoyed tax advantages that holders of stocks and bonds do not have, but legislation on the horizon could end that loophole.

• 2023-07-05
• capital losses crypto capital loss

Is the IRS Cracking Down on Crypto?

In this article, we’ll explore the different ways in which crypto tax fraud is increasingly becoming a focus for regulators — and how investors can stay proactive when it comes to reporting taxes and avoiding future trouble with the IRS.

• 2023-07-05
• tax evasion tax policies President Biden crypto

UK Needs Bespoke Legal Framework for Using Crypto as Collateral: Law Commission

The Commission, funded by the Ministry of Justice, also pushed for legislation to treat crypto as a new type of property in its latest set of recommendations.

• 2023-06-28
• Law Commission digital assets the commission crypto England and Wales legal framework arrangements legal frameworks legal system Ministry of Justice legal practitioners