Roughly 55 million US adults currently own crypto, and a substantial majority of them say digital assets have improved their lives, according …
Reporting
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Regulation
SEC issues new guidance for crypto asset registration and reporting
by shayaanby shayaanThe US Securities and Exchange Commission’s Division of Corporation Finance released new staff views on April 10 outlining how federal securities laws …
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Regulation
IRS Introduces Form 1099-DA for Reporting Tokenized Stocks and Bonds
by shayaanby shayaanIRS will introduce Form 1099-DA for tokenized stocks and bonds starting in 2025. Brokers can use either Form 1099-B or 1099-DA during …
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Regulation
DTCC Tightens Trade Reporting Guidelines as EU Braces for MiFID Updates
by shayaanby shayaanAs financial markets in the EU prepare for upcoming regulatory changes, the Depository Trust & Clearing Corporation (DTCC) plans to expand its …
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Regulation
US Senate Votes to Overturn Controversial Crypto Tax Reporting Rule
by shayaanby shayaanOn Wednesday, the U.S. Senate passed a resolution to overturn an Internal Revenue Service rule requiring brokers to report gross proceeds from …
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Hold onto your hats, crypto enthusiasts! This week is shaping up to be a nail-biter in the world of digital assets. The …
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Regulation
US lawmakers supported by White House to challenge IRS rules on DeFi reporting
by shayaanby shayaanUS lawmakers are preparing a Congressional Review Act (CRA) that will challenge the Internal Revenue Service’s (IRS) broker rules, which require DeFi …
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Regulation
Robinhood pays $45M to settle SEC violations over reporting and cybersecurity missteps
by shayaanby shayaanRobinhood has agreed to pay $45 million in civil penalties to settle charges of securities law violations. According to a Jan. 13 …
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Regulation
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
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 …