Elon Musk, the billionaire entrepreneur and owner of social media platform X, recently posted a tongue-in-cheek message addressing the US Internal Revenue …
IRS
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Regulation
IRS Issues Crypto Relief – Here’s How to Avoid Higher Taxes in 2025
by shayaanby shayaanThe IRS will allow crypto holders on centralized exchanges to bypass strict tax regulations in 2025, preserving flexibility in reporting and tracking …
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IRS grants temporary relief on crypto tax reporting rules amid legal challenges
by shayaanby shayaanThe Internal Revenue Service (IRS) issued temporary relief on crypto cost-basis reporting rules, potentially averting increased tax liabilities for digital asset investors. …
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Regulation
Blockchain Association Files Suit To Challenge IRS and Treasury Department’s DeFi Broker ‘Midnight’ Rulemaking
by shayaanby shayaanA prominent nonprofit crypto advocacy group is filing a lawsuit to dispute new reporting rules for decentralized finance (DeFi) brokers. In a …
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Regulation
Blockchain Association Files Lawsuit Against IRS Over New DeFi Regulations
by shayaanby shayaanRecently, the U.S. Internal Revenue Service (IRS) has announced new regulations that classify certain decentralized finance (DeFi) protocols as brokers. This move …
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Andreessen Horowitz’s blockchain arm, A16z Crypto, has criticized the US Internal Revenue Service (IRS) and the Treasury Department over their new DeFi …
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Regulation
Biden’s New Crypto Rule Shakes Entire Industry – Full IRS Oversight Incoming
by shayaanby shayaanThe U.S. Treasury’s sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal …
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Regulation
Crypto Stakeholders Protest As U.S. Treasury Department and IRS Finalize New DeFi Broker Reporting Rule
by shayaanby shayaanCrypto stakeholders are protesting as the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalize new reporting rules for …
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Regulation
Treasury and IRS finish broker rules for DeFi, require KYC from protocols
by shayaanby shayaanThe US Department of the Treasury and the Internal Revenue Service (IRS) have released the final version of its broker rules to …
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Regulation
Elon Musk says his D.O.G.E is going after the IRS, plans to cut its budget
by shayaanby shayaanElon Musk is coming for one of Washington’s biggest targets: the Internal Revenue Service. Joined by entrepreneur Vivek Ramaswamy, the eccentric billionaire …