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. […]
Coinbase CLO Urges Treasury to Correct Crypto-Terrorism Data
Brian Nelson, the U.S. Treasury undersecretary for terrorism and financial intelligence, testified that crypto payments to terrorist groups are minimal and overstated. Coinbase CLO Paul Grewal urged the Treasury to correct the record and avoid misinformation. Brian Nelson, the U.S. Treasury undersecretary for terrorism and financial intelligence, testified before the House Financial Services Committee, clarifying […]