Treasury and IRS Set Broker Rule, Defers DeFi Decision
The US Treasury and IRS have announced new crypto broker tax requirements for 2025, deferred DeFi and wallet regulations, and aim to harmonize reporting with traditional brokers. The Internal Revenue Service (IRS) and the US Department of the Treasury have issued new tax guidelines for cryptocurrency exchangers, which will mandate transaction reporting beginning in 2025. […]
Judge Drops SEC Claims On Binance’s BNB Sales As Securities
Judge Jackson dismissed the SEC’s claims that the secondary sale of Binance BNB coins qualify as securities. However, she let the SEC pursue charges related to Binance’s BNB staking program, anti-fraud issues, and BNB sale after the ICO. Judge Amy Berman Jackson has dismissed the SEC’s claim that the secondary sales of Binance’s BNB coins qualify […]