House Moves to Consider Unamended Infrastructure Bill

The House will consider the bipartisan infrastructure bill on Sept. 27.

Policy & regulation  ·  24 August 2021

State of Crypto: The Latest on Congress’s Crypto Tax Provision

It's still unclear whether Congress will adopt any amendments.

Policy & regulation  ·  24 August 2021

Cuando China habló, bitcoin reaccionó. ¿Cuando lo hizo Estados Unidos? No tanto

Días después de que China reiterara medidas drásticas contra el segmento cripto, bitcoin cayó hasta 30%. Estados Unidos, por su parte, parece no ser el centro del universo cripto.

News  ·  23 August 2021

Crypto Long & Short: When China Spoke, Bitcoin Reacted. America? Not So Much

It could just be the U.S. is not the center of the crypto universe.

Policy & regulation  ·  22 August 2021

Emmer, Soto Reintroduce Legislation to Clarify ‘Money Transmitter’ Designation

The congressmen called proposed guidance from the Financial Action Taskforce "concerning."

Policy & regulation  ·  17 August 2021

Congressmen McHenry, Thompson Call SEC Chair Gensler’s Remarks on Crypto ‘Concerning’

The two congressmen wrote that rather than potentially regulating innovation and job creation out of the U.S., lawmakers and regulators should “promote an active dialogue between regulators and market participants.”

Policy & regulation  ·  16 August 2021

IRS, in Boon to Crypto, Will Reportedly Ignore How Bill Defines Broker; Bitcoin Rises

Citing an unnamed official, Bloomberg said Treasury won’t go after crypto firms that don’t meet the tax code’s definitions of a “broker.”

Policy & regulation  ·  13 August 2021

Pelosi Ally Asks US House Speaker to Modify Crypto Language in Infrastructure Bill

Rep. Anna Eshoo endorsed a compromise amendment intended to narrow the scope of the term "broker" for crypto tax reporting purposes.

News  ·  12 August 2021
Crypto Taxes

By Taxing Crypto, the US Government Has Accepted It’s Here to Stay

There's a silver lining in Congress' efforts to impose a tax on crypto transactions: The U.S. finally accepts crypto is part of the economy.

Opinion  ·  11 August 2021

There’s Still Time to Fix Congress’s Crypto-Tax Mess

The Senate has failed to amend a provision that could cripple the U.S. cryptocurrency sector. But the game's not over yet.

Opinion  ·  11 August 2021

Gary Gensler’s Insane Crypto Policy

Gensler wants to follow in his predecessor's footsteps and treat the crypto industry as something to stifle rather than support.

Opinion  ·  9 August 2021

Ohio Sen. Rob Portman Defends Crypto Provision in US Infrastructure Bill

Portman argues his "common sense" provision will provide clarity for the crypto industry by standardizing information reporting of brokers.

News  ·  4 August 2021

State of Crypto: Infrastructure Bill Shows Congress Sees Crypto as Here to Stay

Congress's infrastructure bill may not be great for the U.S. crypto sector, but that there's a tax provision at all shows lawmakers recognize the industry's permanence.

Policy & regulation  ·  3 August 2021

Congress, Don’t Rush Regulating Crypto

A sprawling infrastructure bill is the wrong venue for regulating an industry as complex and systemically important as crypto.

Policy & regulation  ·  2 August 2021

Updated US Infrastructure Bill Narrows Crypto Reporting Requirement

An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions.

News  ·  2 August 2021