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(Clay Banks/Unsplash)
Policy
Regulations
Tornado Cash Indictments May Prove to Be Just a Localized Storm After All
Fears of the case being the start of a new assault on the industry may be overblown.
(Clay Banks/Unsplash)
By Nikhilesh De
Aug 30, 2023 at 12:00 a.m. UTC
Aug 30, 2023
RegulationsNewslettersState of CryptoTornado CashSanctionsIRStaxes
The new crypto tax proposal from the U.S. Treasury Department has been met with instant objections by some in the industry. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Sweeping U.S. Tax Proposal Met With Boos From Crypto World
Minutes after the U.S.’s long-awaited proposal for taxing crypto gains went public, objections erupted from those tied to decentralized operations counted as “brokers.”
The new crypto tax proposal from the U.S. Treasury Department has been met with instant objections by some in the industry. (Jesse Hamilton/CoinDesk)
By Jesse HamiltonNikhilesh De
Aug 25, 2023 at 3:23 p.m. UTC
Aug 25, 2023
RegulationsTaxTreasuryIRSInternal Revenue Servicedecentralized exchanges
The U.S. Treasury Department unveiled its definition of a "broker" for crypto tax reporting purposes in response to a controversial provision in the 2021 Infrastructure Investment and Jobs Act. (Nikhilesh De/CoinDesk)
Policy
Regulations
U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.
The U.S. Treasury Department unveiled its definition of a "broker" for crypto tax reporting purposes in response to a controversial provision in the 2021 Infrastructure Investment and Jobs Act. (Nikhilesh De/CoinDesk)
By Jesse HamiltonNikhilesh De
Aug 25, 2023 at 12:45 p.m. UTC
Aug 25, 2023
RegulationsInfrastructure BillIRSU.S. Treasury Departmenttaxesbrokertop news
The U.S. Internal Revenue Service has been poised to propose major tax rules for crypto. (Jesse Hamilton/CoinDesk)
Policy
Analysis
A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?
Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the delay is a White House strategy.
The U.S. Internal Revenue Service has been poised to propose major tax rules for crypto. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Aug 7, 2023 at 4:29 p.m. UTC
Aug 7, 2023
AnalysisIRSInternal Revenue ServiceTaxBrokeragesTreasury DepartmentWhite HouseSenatorstop news
The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)
Policy
Regulations
IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens
The latest tax guidance from the Internal Revenue Service outlines how and when staking rewards are taxed.
The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Jul 31, 2023 at 9:53 p.m. UTC
Jul 31, 2023
RegulationsIRSInternal Revenue ServiceTaxtax codeStaking rewardsStaking
(Jesse Hamilton/CoinDesk)
Policy
Regulations
U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance
In a letter made public on Tuesday, Chairman Ron Wyden and Ranking Member Mike Crapo sought cryptocurrency industry comment around nine topics.
(Jesse Hamilton/CoinDesk)
By Amitoj Singh
Jul 12, 2023 at 8:50 a.m. UTC
Jul 12, 2023
RegulationsIRSCryptoTaxSenateCongressUS
(CoinDesk archives)
Policy
Regulations
Court Orders Kraken to Turn Over History Transaction and Account Information to IRS
The IRS first filed a court petition in February.
(CoinDesk archives)
By Nikhilesh De
Jun 30, 2023 at 9:29 p.m. UTC
Jun 30, 2023
RegulationsKrakenIRS
(Shutterstock)
Policy
Regulations
IRS, Chainalysis and Ukraine Targeting Russian Crypto Sanctions Evaders Jointly
The IRS Criminal Investigation division is supporting Ukrainian investigators by providing blockchain analysis tools.
(Shutterstock)
By Amitoj Singh
May 11, 2023 at 5:20 p.m. UTC
May 11, 2023
RegulationsSanctionsUkraineRussiawarIRSInternal Revenue ServiceUnited StatesCrypto
IRS Files Claims Worth $44B Against FTX Bankruptcy
Video
Nikhilesh de
IRS Files Claims Worth $44B Against FTX Bankruptcy
The U.S. Internal Revenue Service (IRS) has filed claims worth nearly $44 billion against the estate of Sam Bankman-Fried's bankrupt crypto exchange FTX and its affiliated ent...
IRS Files Claims Worth $44B Against FTX Bankruptcy
By CoinDesk Inc
May 11, 2023 at 3:19 p.m. UTC
May 11, 2023
Nikhilesh DeIRScdtvFTXFM ClipNik DeAlameda research llc
IRS_building_Shutterstock
Finance
Ftx
U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy
The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes.
IRS_building_Shutterstock
By Tracy Wang
May 10, 2023 at 7:05 p.m. UTC
May 10, 2023
FTXFTX CollapseBankruptcyIRS