Bill would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge or intent to help evade sanctions though the Administration’s own experts have repeatedly said cryptocurrency evasion is not serious
Senator Warren and a raft of Democratic co-sponsors today introduced a bill [PDF] titled the Digital Asset Sanctions Compliance Enhancement Act, which would place sweeping restrictions on the cryptocurrency ecosystem...
The Virtual Currency Tax Fairness Act of 2022 was introduced with bipartisan sponsors in Congress today. It would create a sensible de minimis exemption for low value cryptocurrency transactions in...
Last year, Joshua Jarrett sued the IRS for a refund. In 2019 he earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income (as per the...
And not just crypto. Provision in the America COMPETES Act would allow Treasury to secretly prohibit any kind of transaction it deems a “concern” without any public notice or input.
Another must-pass bill, another rushed policy that severely damages the privacy and constitutional rights of cryptocurrency users. We’ve just seen language in the America COMPETES Act of 2022 (see page...
A misconception we sometimes see from policymakers looking at cryptocurrency networks is that “staking” and “staking rewards” are some kind of security or interest-bearing lending activity that should be subject...
The United States government really does not like Americans to make large cash transactions. Now, due to a new law, it really, really does not want Americans to use “digital...
Coin Center testified before the Joint Economic Committee in a hearing entitled "Demystifying Crypto: Digital Assets and the Role of Government." Peter Van Valkenburgh's written testimony can be found here.
After a half-year delay, the Financial Action Task Force (FATF) is back with crypto guidance. The good news is that it’s not as bad as last spring and even includes...