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The Wash-Sale Rule Would Break Crypto Tax Compliance
The wash-sale rule was designed for a narrow context: securities held as long-term investments, typically within a single account, where taxpayers can deliberately time tax losses without changing their economic...
Six Ways Congress Can Make Crypto Taxes Work for Everyday Users
At Coin Center, our mission is to defend the rights of individuals to build and use free and open cryptocurrency networks. Sound tax policy is central to that mission. Without...
Tax-deductible giving is now possible at Coin Center
Coin Center’s critical work defending the innovators building permissionless software has been made possible by the generous contributions of those in the community who believe in our mission. Today we...
Senate Finance Committee: Examining the Taxation of Digital Assets
Policy Director Jason Somensatto testified on the tax issues facing cryptocurrency users. Watch video of the hearing here. Jason's testimony is available here.
Six months of crypto policy: The good, the bad, and the lingering questions
We’re six months into the new administration and the 119th Congress. So much has happened that it’s difficult to keep it all straight. For clarity, here are the big news...
Trump’s Big Crypto Report Is Coming. It Should Address Block Rewards and Privacy.
President Trump’s Executive Order on digital assets (EO 14178) directed the agency heads sitting on the President’s Working Group on Digital Asset Markets to produce a report reevaluating outdated or...
Coin Center director of policy Jason Somensatto testified on fair tax treatment for block rewards and de minimis crypto transactions. Hearing information is available here. Jason's testimony is available here....
What the Proposed 5% Remittance Tax Means for Crypto Users
Over the past few months the new Congress and Administration have shown that they can approach crypto regulation with deliberation and respect for process: the repeal of the broker rule...
It’s time for Congress to kill the broker rule.
We anticipate that Congress will soon vote on a joint resolution to revoke the IRS’s unconstitutional December broker rule.1 The December rule obligates mere software and infrastructure providers to identify...
It has become a quadrennial holiday tradition in crypto policy for the outgoing administration to release a civil-liberties-damaging rulemaking at the last possible moment, the midnight period before a new...