Tag: regulations

Banks & Crypto: 3 Ways This Green Light Changes Everything (For You)

Banks & Crypto: 3 Ways This Green Light Changes Everything (For You)

The winds are shifting, folks. For years, mainstream finance and the wild west of crypto have kept a skeptical eye on one another. It’s as bad an on-the-field rivalry as it gets, cats and dogs, rival poker players bad. But now, something's changing. And US regulators are loosening restrictions. They...

DeFi Wins! Congress Axes IRS Crypto Reporting Rules (Finally!)

DeFi Wins! Congress Axes IRS Crypto Reporting Rules (Finally!)

On April 10, 2025, President Trump signed legislation that caused many crypto market participants to panic. The bill would have, in practice, nullified the new digital asset reporting obligations for decentralized finance (DeFi) brokers. Such obligations had previously been established under Section 80603 of the Infrastructure Investment and Jobs Act...

NY State Embraces Crypto: Pay Taxes & Fees with Bitcoin?

NY State Embraces Crypto: Pay Taxes & Fees with Bitcoin?

Meanwhile, New York is considering a radical overhaul in the way people pay for state stuff. The proposal before the state now. This proposal would enable you to transact in cryptos such as Bitcoin for payment of taxes, fines, and even your child’s tuition to a state university. This last...

Crypto Tax Time Bomb: Why the IRS is Failing Millions

Crypto Tax Time Bomb: Why the IRS is Failing Millions

Are you ready for a financial shock? Because if you've dabbled in crypto, a tax reckoning unlike anything you've seen before is barreling toward you faster than a Bitcoin bull run. And the worst part? The very institutions that you were told would protect you, such as the IRS and...

Crypto Tax System Riddled with Flaws, Exposing Investors to IRS Risks

Crypto Tax System Riddled with Flaws, Exposing Investors to IRS Risks

Tax policy analysts and crypto tax experts recently completed a new investigation. Their findings outline deeply pervasive and alarming failures in the existing crypto tax reporting system. Our multi-year investigation uncovers grievous harm to traders, investors, and miners. The IRS is expected to begin aggressively enforcing new 1099-DA rules and...

Crypto Banking Charters: 3 Secrets Big Banks Don't Want You To Know

Crypto Banking Charters: 3 Secrets Big Banks Don't Want You To Know

Have you ever had the impression that you’ve been observing a three-dimensional chess match on steroids. That's crypto banking charters in a nutshell. While big banks are already taking action, crypto companies are positioning themselves for new opportunities, and your financial future is at stake. What are they really up...