The Internal Revenue Service issued new guidance that Treasury Secretary Scott Bessent said offers a "clear path" to stake digital assets for trusts.
A top Coinbase tax executive suggested the IRS isn't ready for the flood of tax reporting about to come in, even as many crypto rules still need to be written.
As Congress still struggles to work out a crypto tax approach in the U.S., the experts handling digital assets at the IRS are heading for the exits.
Trish Turner, the U.S. Internal Revenue Service veteran running its digital assets effort, is the latest senior official leaving for the private sector.
The U.S. crypto exchange filed a brief in a longstanding privacy battle over records the tax agency sought on customers' crypto transactions.
The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.
As the industry moves forward with bills on stablecoins and market-structure rules, the kind of dealing lobbyists were prepared to make may no longer be needed.
With a split among Democrats, the Senate resolution to erase the IRS' DeFi-focused crypto broker rule passed with a massive majority and is now up to the House.
As the U.S. Senate began its process to consider a resolution to erase the recent IRS rule that targets DeFi, the White House cheered it on.
Senate leaders are said to be queuing up votes to reverse two Biden-era regulations tied to digital assets: the IRS DeFi rule and a CFPB digital-payments rule.
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.
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.
New IRS rules could have been “disastrous” for crypto taxpayers during the bull market, a crypto tax executive said.
The United States Treasury Department and the Internal Revenue Service (IRS) received more than 44,000 comments after proposing the rule.
The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subject to immediate taxation upon generation. IRS Confirms Crypto Staking […]
The unofficial US head of government efficiency has declared himself a volunteer IT consultant for the Trump administration.
The Smithsonian Institution has obtained the laptop owned by former IRS agent Chris Janczewski that was used to track down the 2016 Bitfinex hacker who stole 120,000 Bitcoin.
Chainalysis CEO Michael Gronager believes “it’s not much further away” before governments use AI agents to catch onchain crypto wrongdoers.
In an email screenshot shared by ZachXBT, an IRS criminal investigations agent asked if he could help him make the “biggest impact” in tackling blockchain crime.