Trade Groups Urge SEC to Revise Crypto Accounting Guidance

Interpretation of the new U.S. cryptocurrency reporting bill

On the tax front, the U.S. may be unprepared for the investor craze surrounding spot Bitcoin ETFs. There are new tax laws in the United States, but no guidelines.

Coinbase Ramps Up U.S. Crypto Advocacy Efforts

Coinbase intensifies advocacy for clear crypto regulation in the U.S., launching campaigns and engaging with policymakers.

Congress Eyes Crypto Reforms for 2024

The proposed reforms address CBDC limitations, Federal Reserve oversight, legal tender clarity, self-hosted wallet protection, and financial privacy enhancements. Each reform aims to strike a balance between innovation and safeguarding individual rights.

Divided Crypto Nation: 1 in 10 Americans Back Anti-Crypto President

While 11% of US crypto holders support a candidate aiming to eliminate cryptocurrency, 83% prefer regulatory clarity. Surprisingly, 51% favor former President Trump over Biden. The survey highlights a divided crypto landscape.

IRS Steps Up Fight Against Crypto Tax Evasion

The IRS is escalating efforts against crypto tax evasion, with over half of recent investigations focusing on tax-related issues. The surge in digital asset adoption has led to an increase in tax-related probes, prompting the IRS to formulate new regulations targeting brokers and intermediaries in the crypto space. The proposed measures, seeking input until January 25, 2024, will be integrated into the American Families Plan Act of 2023, reinforcing reporting requirements for crypto transactions exceeding $10,000.

美国漏洞数据库添加Ordinals 美国打击加密货币逃税

Crypto leaders bemoan US falling behind UK and other nations for crypto adoption

Lightspark CEO David Marcus said it was “disheartening and frustrating” to see the U.S. fall behind in digital assets, responding to the Law Commission recommendations on securing the UK’s position as a global crypto hub. Marcus’s comments follow similar sentiments from Coinbase CEO Brian Armstrong and venture capital firm a16z.

US national crypto legislation should resemble New York’s

The head of the New York Department of Financial Services emphasized that federal law should be modeled after the rigorous requirements in her state.

Incoming Crypto Regulations in the U.S.

A regulatory crypto framework could spark a green light for institutions.

Crypto Gets Seal Of Approval From US Politicians And British Monetary Association

Recent research indicates that crypto currencies can enhance the traditional banking system. This is because people can swap the current ...