Congress just delivered a massive win for crypto innovation, overturning the controversial IRS crypto rules that critics say stifled digital asset growth and pushed development overseas.
US House and Senate Overturn IRS Crypto Rules, Easing Compliance Burdens
The U.S. House of Representatives approved H.J. Res. 25 on March 11, aiming to overturn the previous administration’s “Broker Rule,”…
New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be Reported to IRS Within 15 Days
January 3, 2024
A new tax reporting law has entered into force in the U.S. Starting on Jan. 1, all Americans receiving $10,000 or more in crypto in the course of their trade or business must file a report with the Internal Revenue Service (IRS) within 15 days. “If you don’t file a…
