U.S. Senators Cynthia Lummis and Bernie Moreno urged the Treasury Department to exempt unrealized crypto gains from new tax rules proposed under the Biden administration’s framework for cryptocurrency […]
UK to Implement Crypto Reporting Rules Starting 2026
The UK government is enacting a new regulatory framework for cryptocurrency, mandating reporting of user data by service providers starting in 2026 under the OECD’s Crypto-Asset Reporting Framework […]
US Senators Push for Changes in Crypto Taxation
A group of U.S. senators is urging adjustments to how crypto assets are taxed to help maintain the country’s global financial leadership. Led by Republican Senator Cynthia Lummis, […]
Senator Push for Exemption from Crypto Taxes Sparking Debate Over U.S. Competitiveness
U.S. Senators Cynthia Lummis and Bernie Moreno are urging the Treasury Department to revise tax rules for cryptocurrency firms, arguing that a current policy could inadvertently disincentivize innovation. […]
Senators Call for Clarification of Crypto Tax Rules, Threatening Innovation
Two Republican Senators, Cynthia Lummis (WY) and Bernie Moreno (OH), are raising concerns about potential tax complications facing U.S. companies holding digital assets. In a letter to Treasury […]
US Lawmakers Seek Crypto Tax Relief, State Regulators Take Different Approaches
The US crypto landscape is facing divergent approaches to regulation and taxation. While senators call for revisions to corporate crypto holdings’ tax status under the Inflation Reduction Act, […]
US Lawmakers Seek Clarity on Crypto Taxes Amid Regulatory Shifts
Two Republican lawmakers have urged the U.S. Treasury to clarify its cryptocurrency tax guidelines amid a shift in regulatory approach. The request follows recent policy adjustments in Washington […]
US Senators Seek Crypto Tax Relief, Express Concerns Over Impact on Firms
Two US Senators, Cynthia Lummis and Bernie Moreno, have requested the Treasury Department clarify the tax rules surrounding cryptocurrencies. They argue that current accounting standards, which require mark-to-market […]
US Senators Demand Clarity on Crypto Tax Rules, Seeking to Avoid Market Volatility
Senators Lummis and Moreno call for clear guidance from the Treasury on digital asset taxation under the 2022 Inflation Reduction Act. They express concern that the current tax […]
US Senators Urge Treasury to Clarify Crypto Tax Provisions
Two US Senators, Cynthia Lummis and Bernie Moreno, have written to Treasury Secretary Scott Bessent urging revisions to a tax provision impacting corporate digital asset holdings. This action […]
U.S. Senators Push for Clarity on Crypto Tax Burden
Two US senators, Cynthia Lummis and Bernie Moreno, have urged the Treasury Department to address the tax burden facing U.S. cryptocurrency companies. They expressed concern that current regulations […]
Missouri Seeks Crypto Tax Exemption, Aiming to Attract Investment
Missouri is taking a step towards becoming a crypto haven by passing legislation that would exempt capital gains from state taxes on digital assets like Bitcoin and Ethereum. […]
Missouri Passes Bill Exempts Crypto and Stock Gains from Income Tax
Missouri lawmakers have signed a major tax bill that exempts capital gains from state income tax, including those from cryptocurrency and stocks. The measure passed the House Wednesday […]
IRS Leadership Departing Amidst Crypto Tax Reform & Restructuring
The United States Internal Revenue Service (IRS) is undergoing a significant leadership shift following the resignations of Seth Wilks and Raj Mukherjee. These experienced professionals played crucial roles […]
IRS Resignations Spark Uncertainty in Crypto Tax Landscape
Two key figures within the Internal Revenue Service (IRS) have recently resigned, leaving a lasting impact on crypto tax policy. Seth Wilks and Raj Mukherjee, both formerly from […]