IRS Launches Crypto Tax Study Bill
Washington initiates a review of crypto tax regulations with a new IRS study bill, potentially impacting the cryptocurrency market. #Update #Legal
IRS
Crypto Firms Celebrate Limited IRS Guidance
New IRS guidance allows C Corporations with over $1B in revenue to avoid taxes on unrealized capital gains, benefiting firms like @MicroStrategy and Mara Holdings holding significant $BTC. #Update #Crypto $MSTR
Senate Repeals IRS Rule on DeFi
The U.S. Senate voted 70-28 to repeal an IRS rule affecting DeFi brokers, awaiting President Trump’s signature. This move is pivotal for cryptocurrency regulation. #Breaking #Legal (+9) ↗
Crypto Regulation Repeal Awaits Trump Approval
The Senate voted 70-28 to overturn an IRS rule targeting DeFi developers, marking a significant crypto win now awaiting Trump’s approval. #Breaking #Legal $BTC (+8) ↗
Crypto Victory: Congress Overturns IRS Rules
Congress overturns IRS crypto rules, easing compliance burdens and boosting digital asset growth in a significant legislative move. #Breaking #Legal (+9) ↗
Blockchain Pushes Congress to Support Cruz
@BlockchainAssn urges Congress to back Sen. Ted Cruz’s measure to overturn IRS’s DeFi broker rule, potentially affecting U.S. decentralized finance leadership. #Update #Legal (+3) ↗
Crypto Tax Chaos IRS Sparks Confusion
IRS clarifies crypto tax reporting rules remain unchanged; confusion arose from a grace period for exchanges to upgrade tech, not a rollback. • #Update • #Legal • @IRSnews • (+3) • →
Crypto Relief: IRS Eases Cost-Basis Rules
The Internal Revenue Service (IRS) issued temporary relief on crypto cost-basis method changes, potentially averting a “disastrous” impact on taxpayers during the bull market, according to a crypto tax executive. #Update #Legal @IRS ↘ (-2)
Crypto Relief IRS Strategy 2025
The Internal Revenue Service (IRS) will allow cryptocurrency holders on centralized finance platforms to bypass strict tax regulations in 2025, offering flexibility in reporting and tracking digital asset sales. #Update #Crypto @IRSnews ↗ +3
Blockchain Association Sues IRS Over Rules
The Internal Revenue Service (IRS) issued new regulations for DeFi platforms to report crypto transactions, prompting the Blockchain Association to sue, claiming the rules are unconstitutional. #Breaking #Legal @BlockchainAssn ↗ (+9)
Crypto Lawsuit Challenges IRS Regulations
@BlockchainAssn, @DefiEducation, and @TXBlockchainCouncil file lawsuit against Treasury and IRS over new crypto ‘broker’ rules, claiming unconstitutional regulatory overreach. #Breaking #Legal @BlockchainAssn ↗ +8
DeFi Faces IRS Challenge: Three Solutions
The United States Treasury Department and the Internal Revenue Service (IRS) received over 44,000 comments on a proposed rule impacting decentralized finance (DeFi), with @AlexThorn suggesting three options if the rule isn’t rolled back. #Update #Legal @AlexThorn → (0)
Crypto Showdown: Blockchain Sues IRS
The Blockchain Association sues the Internal Revenue Service (IRS), alleging that the IRS’ new crypto broker rules exceed statutory authority, violating the Administrative Procedure Act. #Update #Legal @BlockchainAssn ↘ (-3)
IRS Rule Challenge Urged by Uniswap
Uniswap’s chief legal officer criticized the IRS’s new DeFi broker rule, suggesting it should be contested, while a Consensys lawyer claimed the timing of the release was strategic. #Update #Legal @Uniswap ↘ (-3)