IRS
- Policies & Regulations
IRS Could Soon Track Americans’ Crypto Abroad Under Treasury Proposal
The White House has begun reviewing proposed rules from the U.S. Treasury that could align the United States with a…
Read More » - Policies & Regulations
U.S. Treasury Clears Path for Crypto ETF Staking in Landmark Guidance
The U.S. Treasury Department and the Internal Revenue Service (IRS) have issued new guidance that could transform how crypto-based exchange-traded…
Read More » - Policies & Regulations
U.S. House Overturns IRS Rule Targeting DeFi Platforms in Bipartisan Vote
The U.S. House of Representatives voted 292-132 on Tuesday to overturn an IRS rule that would have required decentralized finance…
Read More » - Government
U.S. Senate Votes to Repeal IRS DeFi Reporting Rule in Bipartisan Move
The U.S. Senate has voted to repeal a Biden-era regulation that would have required decentralized finance (DeFi) protocols to report…
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IRS Announces Temporary Relief for Crypto Holders Using Centralized Exchanges in 2025
The Internal Revenue Service (IRS) has announced a temporary relief program for cryptocurrency holders using centralized exchanges. The program will…
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IRS Confirms Taxation on Crypto Staking Rewards Upon Receipt
In a recent filing on Monday, the U.S. Internal Revenue Service (IRS) reaffirmed that rewards earned from staking digital assets…
Read More » - Crypto Exchanges
The IRS’ Astronomical $24 Billion Tax Claim Casts Dark Cloud Over FTX Victim Recovery
The United States Internal Revenue Service (IRS) has pushed forward a staggering $24 billion tax claim against the beleaguered crypto…
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New Proposed Regulations for Cryptocurrency Brokers Released by U.S. Treasury Spark Mixed Reactions in Crypto Community
The U.S. Treasury Department has unveiled a proposed regulation that would mandate cryptocurrency brokers, encompassing exchanges and payment processors, to…
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US Treasury Unveils New Crypto Tax Reporting Rules to Curb Evasion
The Biden administration has revealed new regulations regarding cryptocurrency tax reporting, aiming to combat tax evasion within the crypto sphere.…
Read More » - Policies & Regulations
IRS Ruling: Crypto Staking Rewards Subject to Taxation Upon Receipt
The United States’ top tax authority has recently issued a new directive concerning crypto investors. As per this ruling, those…
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