Treasury, IRS roll out long-delayed crypto tax reporting rules
In an Aug. 1 letter to Treasury Secretary Janet L.
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FTX leaders’ political donations topped $1M weeks before bankruptcy
FTX executives, including former CEO Sam Bankman-Fried, spent at least $1 million on contributions across the political spectrum in the weeks before the company’s bankruptcy, including a large donation
Congress · 117th Congress
Crypto sector lobbying expenditures up a third in second quarter
The cryptocurrency exchange spent $1.3 million last quarter, almost a fifth of all lobbying expenditures by the industry, with spending on its internal lobbying team accounting for $1 million of
Congress · 117th Congress
Bipartisan crypto bill outlines regulatory, tax framework
The drop in value of some cryptocurrencies in May, including the algorithmic stablecoin Terra, which lost its $1 peg, was followed by dips in other cryptocurrencies including bitcoin and Tether.
Congress · 117th Congress
Budget bill delay, changes offer potential tax increase reprieve
Some of the biggest taxes would kick in right away on Jan. 1, 2022, under the bill.
Congress · 117th Congress
Wyden, Toomey team up on cryptocurrency tax fixes
Rettig has estimated that gap could be $1 trillion per year.
Policy · 117th Congress
Bitcoin backers urge SEC to shift view on exchange-traded funds
Bitcoin dropped to about $36,340 as of June 1, losing about 44 percent of its value in less than two months, according to Coindesk.
Policy · 117th Congress
States diverge on crypto oversight as industry awaits clarity
.; and related entities in 2019, alleging that Tether wasn’t truly backed 1-to-1 by U.S. dollars as the companies claimed. In February, the companies settled without admitting any misconduct.
Podcasts · 116th Congress
Fintech goes Public - Roll Call
Plus, how the company won international plaudits for its decision to block its customers from participating in Hertz’s troubled $1 billion stock offering.
Campaigns · 116th Congress
Bloomberg thrills fintech world with cryptocurrency shoutout
[jwp-video n=”1″] Most of the remaining Democratic field hasn’t talked about the blockchain-based industry.
Policy · 116th Congress
Congress looks at taxes, oversight, crime in fintech bills
[jwp-video n=”1″] A bipartisan bill introduced in January, for example, would remove the tax implications each time cryptocurrency is used to make a purchase.
Policy · 116th Congress
Courts, without law for guidance, setting value of cryptoassets
[jwp-video n=”1″] The U.S. Bankruptcy Code gives great latitude to judges in determining the type and amount of the recovery in fraudulent transfer cases.
Policy · 116th Congress
Crypto enthusiasts say new products lend bitcoin credibility
[jwp-video n=”1″] Clark Fonda, co-founder of Blockchain Advocacy Partners, said products with this level of regulatory oversight help his organization’s conversations with lawmakers.
Policy · 116th Congress
Rules, privacy issues loom for fintech industry in 2020
[jwp-video n=”1″] One such measure, which would direct the Commodity Futures Trading Commission to study the potential for manipulation in digital commodities, could find its way into the CFTC
Podcasts · 116th Congress
Fintech Beat sits down with the one of the IRS's top crypto cops - Roll Call
Prosecutors say they have seized nearly $1 billion worth of digital coins in busts around the world. But how is crypto treated as a matter of U.S. law — and what does the IRS do with its seizures?
Policy · 116th Congress
Libra’s regulatory hurdles appear taller after House hearing
[jwp-video n=”1″] Any of those regulations would add friction to Libra’s attempt to make money transfers as quick and easy as text messaging.
Congress · 116th Congress
Cryptocurrencies complicate effort to stop opioid dealers
[jwp-video n=”1″] Perianne Boring, founder and president of the Chamber of Digital Commerce, argues that the traceable nature of digital currencies actually makes them a “boon” to law enforcement
Video · 116th Congress
Facebook has ‘a lot of work to do’ Zuckerberg tells committee
[jwp-video n=”1″]
Congress · 116th Congress
Zuckerberg threatened with Facebook breakup
[jwp-video n=”1″] “Each month, 2.7 billion people use your products. That’s over a third of the world’s population. That’s huge.
Congress · 116th Congress
Zuckerberg to face criticism over cryptocurrency, other issues
[jwp-video n=”1″] In written testimony released Tuesday, Zuckerberg apologized for Facebook’s transgressions and said he would wait for federal permission before moving Libra forward.