2025-2-28 11:11 |
A controversial tax rule proposed by the U. S. Internal Revenue Service, requiring decentralized finance brokers to report crypto transactions, could be overturned as lawmakers have pushed to repeal it. origin »
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The United States Securities and Exchange Commission has voluntarily withdrawn its appeal against a Texas federal court ruling that struck down its broker-dealer rule that sought to expand the agency’s oversight.
2025-2-20 11:14 | |
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2025-1-24 20:17 | |
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Key Takeaways: SEC cancels SAB 121, a rule that made custodied crypto liabilities of companies be recorded. The repeal was a success for the crypto industry and banks, which argued The post SEC Cancels Controversial Crypto Accounting Rule SAB 121 appeared first on CryptoNinjas.
2025-2-4 09:38 | |
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Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of…
2024-9-25 01:31 | |
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Bank of New York Mellon, the largest U.S. custodian bank, scored an exemption from a controversial SEC rule that may enable Bitcoin custody. Institutional custody of Bitcoin (BTC) and cryptocurrencies in the U.S. took a step forward as BNY Mellon…
2024-9-21 23:12 | |
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Crypto think tank Coin Center will get another shot at suing the U.S. Treasury Department over what it says is an “unconstitutional” amendment to the tax code that would require Americans to disclose the details of certain crypto transactions to the Internal Revenue Service (IRS).
2024-8-21 16:09 | |
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An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule.
2024-6-5 02:05 | |
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An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule.
2024-6-5 02:05 | |
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US President Joe Biden vetoed H. J. Res. 109, which aimed to overturn the of the SEC’s controversial SAB 121 rule, on May 31. Biden wrote that SAB 121 represents the “considered technical” views of SEC staff.
2024-6-1 03:33 | |
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The passage of a resolution to nullify the SEC's controversial SAB 121 rule has been celebrated as a major legislative victory for the cryptocurrency industry
2024-5-16 21:06 | |
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Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”
2024-5-10 22:45 | |
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House Republicans are gearing up to challenge the SEC’s controversial rule regarding digital asset custody, labeling it as an overreach of the agency’s authority. During a press conference on May 7, Representative Tom Emmer, a prominent Republican lawmaker, criticized SEC Chairman Gary Gensler’s tenure, calling it marked by “regulatory hypocrisy, inconsistency, and incompetence.
2024-5-8 02:04 | |
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Two prominent crypto industry groups, the Blockchain Association and the Crypto Freedom Alliance (CFAT) of Texas, have filed a lawsuit against the US Securities and Exchange Commission (SEC) to contest a newly implemented rule expanding the definition of a “dealer” in securities.
2024-4-24 05:00 | |
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Explore the controversies surrounding the US government's approach to crypto in recent years. With a focus on a regulation-by-enforcement strategy, major exchanges like Binance and Coinbase face legal challenges The post US Government Backtracks on Controversial Crypto Tax Reporting Rule appeared first on BeInCrypto.
2024-1-17 04:04 | |
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Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."
2023-11-14 17:38 | |
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The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens crypto investors' ability to find safe harbors for their assets, should have been treated as a formal rule, the GAO concluded in a report issued on Tuesday.
2023-11-1 22:11 | |
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Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers.
2023-5-24 13:50 | |
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If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry.
2021-11-17 09:05 | |
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Senators Rob Portman and Mark Warner proposed an amendment on Thursday to the crypto tax reporting rule that was tabled days earlier by the senate infrastructural bill’s cryptocurrency provision. The new amendment states briefly that the proposed reporting requirements exclude proof-of-work mining as well as the sale of software and hardware that support hot and […]
2021-8-7 16:55 | |
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The Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter.
2021-3-5 21:35 | |
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Also: Ripple filed its response to the SEC and a FinCEN official discusses the controversial counterparty rule in public for the first time.
2021-2-2 18:30 | |
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One Dutch Bitcoin exchange has taken legal action against the central bank over its controversial crypto wallet verification law.
2021-1-27 14:15 | |
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Brian Brooks finalized the controversial Fair Access to Banking rule in what could be his last act in office.
2021-1-14 21:21 | |
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Critics of the rule said it would be technically impossible for some projects to comply because smart contracts and author-decentralized tools do not have name or address information to provide.
2021-1-14 17:03 | |
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Yesterday, the United States Treasury’s FinCEN branch confirmed that it is working on cracking down on crimes enabled by Bitcoin and other cryptocurrencies. The post Top Silicon Valley VC defends crypto amid proposal of controversial Treasury rule appeared first on CryptoSlate.
2020-12-20 15:53 | |
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Held in June, the V20 Summit was a chance for the industry to respond to a highly controversial set of recommendations handed down by the Financial Action Task Force (FATF).
2020-1-1 19:20 | |
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The suspicious circumstances surrounding Jeffrey Epstein’s death are believable to those with knowledge of the MCC prison. Attorneys representing other MCC inmates say murder is unlikely. Former Commissioner of the NYC Department of Corrections says that kind of ineptitude isn’t unheard of, but he wouldn’t rule out foul play.
2019-11-11 18:00 | |
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Prior to the upcoming G20 Summit, regulators are discussing the Financial Action Task Force's rule that would see cryptocurrency exchanges verifying $1,000 transactions, focusing on the kind of ramifications too much regulation can have.
2019-6-20 00:56 | |
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In nine days, a new Financial Action Task Force rule will require crypto-related businesses in about 200 countries, including the US, to verify the identity of anyone sending or receiving over $1,000 or 1,000 euros.
2019-6-13 19:27 | |
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The threads start as they would anywhere else online: a contentious topic, the type that adds fuel to debate before engulfing an entire comment field in flames. “Just like anorexics are forcibly hospitalized and made to gain weight, overweight people should be hospitalized and forced to lose weight,” one thread reads.
2019-1-24 01:24 | |
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Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV).
2018-11-17 02:13 | |
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A cluster of major US inflation and jobs reports due this week could spike volatility in stocks and crypto, with Fed policy expectations in focus as liquidity drops. A series of U.S. economic data releases scheduled for this week could…
Kraken's parent company made a first step toward an IPO, hoping to follow the path of Circle, Gemini, Bullish, and Figure Technologies
New Hampshire has once again notched the first position among other U.S. states after launching a Bitcoin-backed municipal bond. New Hampshire’s business financing agency, the Business Finance Authority, signed the approval on Nov 17 to authorize a “first of its…
United States authorities have indicted Chicago-based crypto ATM operator Virtual Assets LLC and its founder, Firas Isa, with money laundering charges involving fraud and narcotics proceeds. Isa and his firm operated Crypto Dispensers, a company whose core business involved offering…
The U. S. Senate Banking Committee will vote in December 2025 on comprehensive cryptocurrency market structure legislation, according to committee Chair Tim Scott on a recent television interview on Fox News.
Will the White House proposal give the IRS broader access to offshore crypto data as agencies push for tighter tax oversight? The White House is examining a proposed rule that would give the Internal Revenue Service access to data on…
Treasury yields, Federal Reserve policy, have put pressure on risk assets, including Bitcoin, during the government shutdown. The longest government shutdown in U.S. history is over, but the crypto markets are still in the red. Just hours after lawmakers finalized…