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Crypto News

U.S. House Votes to Overturn IRS DeFi Broker Rule

A majority of lawmakers in the U.S. House of Representatives voted to overturn an IRS rule treating crypto entities as brokers and requiring them...
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Crypto News

Effort to Kill IRS Crypto Rule Clears U.S. Senate Hurdle

Strong support from many Democrats helped win a victory for a U.S. Senate effort to erase a Biden administration crypto tax rule on Tuesday,...
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Crypto News

President Warming Up His Pen to Sign Resolution to Kill IRS Crypto Rule If Passed

The White House is signaling a likely approval from President Donald Trump if a congressional resolution hits his desk that would rescind a crypto...
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Crypto News

House Ways and Means Committee Advances Effort to Erase IRS’ DeFi Tax Rule

The U.S. House of Representatives has taken the first significant move to erase the work of the Internal Revenue Service to impose a tax...
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Crypto News

IRS Delays Implementation of Crypto Tax Rules to 2026, Offering Relief to Brokers and Investors

The U.S. Internal Revenue Service (IRS) has announced a one-year delay in the implementation of new tax reporting requirements for cryptocurrency transactions. Initially scheduled to...
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Crypto News

IRS Grants Temporary Relief on Crypto Tax Accounting Method

Key Takeaways The temporary relief gives brokers additional time to upgrade their systems to support multiple accounting methods.  FIFO,  “First In, First Out,” is an inventory...
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Crypto News

“Unfair and Unjust”: Uniswap CLO Urges Challenge to IRS Ruling on DEXs

The Chief Legal Officer (CLO) of Uniswap, Katherine Minarik, has publicly called for a challenge to the recent ruling by the Internal Revenue Service...
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Crypto News

Blockchain Groups Challenge IRS Over DeFi Regulations

The Blockchain Association, along with the Texas Blockchain Council and the DeFi Education Fund, has initiated a legal challenge against the U.S. Internal Revenue...
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