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U.S. House Committee Advances Effort to Erase IRS' DeFi Tax Rule
26.2.2025
A joint resolution in Congress seeks to reverse a December move by the IRS to impose a tax regime in DeFi, and the House has taken the first steps to do that
Blockchain Association Urges Congress to Back Cruz Measure to Overturn DeFi Broker Rule
20.2.2025
The Blockchain Association is urging Congress to support a measure sponsored by Sen. Ted Cruz that aims to overturn the Internal Revenue Service’s decentralized finance broker rule. Broker Rule Threatens U.S. DeFi Leadership The Blockchain Association has urged the U.S. Congress to pass...
Crypto firms rally behind Ted Cruz to block DeFi broker rule
20.2.2025
The Blockchain Association, representing 76 crypto firms, urges Congress to repeal the IRS DeFi broker rule, arguing it threatens US crypto innovation and unfairly burdens blockchain firms
Crypto Industry Asks Congress to Scrap IRS's DeFi Broker Rule
19.2.2025
In what may be a big test of the crypto sector's new influence over a markedly friendlier U.S. Congress, it's asking for the reversal of an incoming tax policy
IRS wants court to toss crypto exec’s appeal over bank record summons
12.2.2025
The US tax agency claims it complied with financial privacy laws when it summoned banks for crypto founder Rowland Marcus Andrade's financial records
IRS wants court to toss crypto exec’s appeal over bank record summons
12.2.2025
The US tax agency claims it complied with financial privacy laws when it summoned banks for crypto founder Rowland Marcus Andrade's financial records
IRS wants court to toss crypto exec’s appeal over bank record summons
12.2.2025
The US tax agency claims it complied with financial privacy laws when it summoned banks for crypto founder Rowland Marcus Andrade's financial records
IRS wants court to toss crypto exec’s appeal over bank record summons
12.2.2025
The US tax agency claims it complied with financial privacy laws when it summoned banks for crypto founder Rowland Marcus Andrade's financial records
US Lawmakers Unite to Block IRS Rule Threatening Defi and Crypto Innovation
24.1.2025
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....
The Taxman Is Watching: Staying Ahead of the New Rules
22.1.2025
The IRS recently introduced a new rule stating that investors must use wallet-based cost tracking. And it’s likely the first of many such changes around the world, says Robin Singh, founder and CEO of crypto tax platform Koinly
Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution
18.1.2025
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...
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
Decentralized platforms may benefit from strict US crypto tax laws
16.1.2025
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders
IRS on the Chopping Block: Rep. Buddy Carter’s Vision for a Fairer America
13.1.2025
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
5.1.2025
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
4.1.2025
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...