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Congress Torches IRS Crypto Rules in Major Win for Digital Assets


Congress just delivered a massive win for crypto innovation, overturning the controversial IRS crypto rules that critics say stifled digital asset growth and pushed development overseas. US House and Senate Overturn IRS Crypto Rules, Easing Compliance Burdens The U.S. House of Representatives...

US Lawmakers Unite to Block IRS Rule Threatening Defi and Crypto Innovation


Lawmakers are pushing back on a Biden administration rule redefining decentralized finance participants as “brokers,” warning it risks stifling U.S. cryptocurrency innovation and driving it overseas. Biden’s Crypto Rule Sparks Backlash: Will It Push Blockchain Innovation Overseas? U.S....

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 


Axios reports that Sen. Ted Cruz, a Republican from Texas, plans to wield the Congressional Review Act (CRA) next week to challenge a tax regulation that infringes on the rights of cryptocurrency brokers. This move is seen not just as a procedural tactic but as a principled stand against...

IRS on the Chopping Block: Rep. Buddy Carter’s Vision for a Fairer America


Rep. Buddy Carter (R-GA) has introduced the Fair Tax Act, a sweeping proposal to dismantle the federal tax code, abolish the IRS, and replace it with a national consumption tax—a move aimed at restoring individual economic freedom and limiting government overreach. Buddy Carter’s Fair...

IRS Issues Crypto Relief, XRP Market Update, and More — Week in Review


IRS issues crypto relief, XRP market update, the Bitcoin quantum computing debate, and more in this Week in Review. Week in Review The IRS announced temporary tax relief for crypto holders on centralized exchanges in 2025. XRP broke key resistance, trading around $2.36–$2.40, with bullish...

IRS Crypto Tax Reporting Requirements Stir up Mass Confusion


Some in the crypto community assumed the IRS was backpedaling on reporting requirements, but all requirements are still firmly in place, the agency simply announced a grace period for exchanges to upgrade their technology. IRS Grants Crypto Exchanges More Time to Implement Platform Upgrades...

IRS Issues Crypto Relief – Here’s How to Avoid Higher Taxes in 2025


The IRS will allow crypto holders on centralized exchanges to bypass strict tax regulations in 2025, preserving flexibility in reporting and tracking digital asset sales. IRS Announces Temporary Relief for Some Crypto Holders The Internal Revenue Service (IRS) has issued a temporary relief measure...

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