crypto regulation

New Legislation Aims to Simplify Tax Rules for Staking Rewards

Wiley Nickel and Drew Ferguson made a notable attempt to simplify the taxation of digital assets by introducing the Providing Tax Clarity…

2 years ago

Consensys Sues SEC Over Ethereum Classification, Calls For Regulatory Clarity

Consensys, the technology firm behind major Web3 projects like MetaMask and Infura, has filed a lawsuit against the U.S. Securities…

2 years ago

SEC Lawyers Resign After ‘Gross Abuse’ of Power in Debt Box Crypto Case

Two lawyers for the U.S. Securities and Exchange Commission (SEC) were forced to resign after a federal judge sanctioned the…

2 years ago

US Lawmakers’ Proposed Ban on Algorithmic Stablecoins Draws Industry Backlash

A recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has drawn the crypto industry’s ire due…

2 years ago

New IRS Draft Tax Form For Crypto Defines Unhosted Wallets as Brokers

The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets…

2 years ago

Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF

The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend,…

2 years ago

Former Terraform Labs CEO Do Kwon, Found Liable For Fraud in SEC Case

A jury found Terraform Labs and its former CEO, Do Kwon, liable for fraud on Friday. The decision came a…

2 years ago

U.K. Regulators Launch Sandbox to Integrate Distributed Ledger Technology with Financial System

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) have announced the launch of the Digital Securities Sandbox (DSS)…

2 years ago

SEC Enforcement Chief Grewal Addresses Crypto Compliance Concerns

During a recent “SEC Speaks” event, Gurbir Grewal, the Director of the Securities and Exchange Commission’s Division of Enforcement, expressed concerns regarding…

2 years ago