The IRS recently experienced the departure of two significant directors, Seth Wilks and Raj Mukherjee, who were leading efforts on cryptocurrency initiatives. They accepted voluntary resignation offers issued by the…
President Donald Trump has signed a resolution that rescinds an Internal Revenue Service (IRS) rule aimed at treating decentralized finance (DeFi) platforms as brokers. This rule, established during the final…
The U.S. House of Representatives voted in favor of a resolution to overturn an IRS rule that classified decentralized finance (DeFi) entities as brokers. This rule mandated that these platforms…
The U.S. Securities and Exchange Commission (SEC) recently decided to close its investigation into the cryptocurrency exchange Gemini, which was co-founded by Cameron Winklevoss. This announcement was made via a…
In a recent congressional hearing titled "A Golden Age of Digital Assets," the crypto industry received an unexpected opportunity to advocate for regulatory clarity in the United States. Representatives from…
The U.S. Securities and Exchange Commission (SEC) recently filed a motion requesting a deadline extension regarding its case against Coinbase. This motion, submitted on a Friday, suggests that the SEC's…
Following through on campaign promises, President Trump has enacted significant tariffs on major trading partners, imposing a 25% tariff on nearly all imports from Mexico and Canada, and a 10%…
Donald Trump has begun his tenure as the 47th President of the United States with swift action, particularly in the realm of cryptocurrency. His administration has already taken significant steps…
President Donald Trump has appointed Republican Commissioner Mark Uyeda as the acting chair of the U.S. Securities and Exchange Commission (SEC), following the departure of Gary Gensler. This transition has…
A blockchain entrepreneur, Michael Lewellen, has filed a lawsuit against U.S. Attorney General Merrick Garland, seeking a court order to protect his upcoming cryptocurrency crowdfunding project from potential prosecution under…