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Congress must understand: Block rewards are newly created property, not income.
Mining bitcoin creates new property. The Bitcoin software permits those who successfully validate transactions to create new coins for themselves. There are currently more than 20 million bitcoins in circulation,...
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...
If Budget Reconciliation is used for Tax Provisions, Crypto should be Included
In the wake of a political sea change in Washington, Republicans have begun discussing tax changes for next year. The discussion centers around a process known as “budget reconciliation” and...
Jarrett takes IRS back to court in fight over crypto block rewards
Today Josh Jarrett filed a new lawsuit challenging the IRS’s taxation of block rewards, and Coin Center is pleased to be assisting him in this litigation. We have been advocating...
Two victories in our fight against unconstitutional financial surveillance.
Today we’re happy to share two incremental but important victories in our fight to protect the rights of cryptocurrency developers and users. First, Coin Center has won an important appeal...
It’s an unfortunate habit, but federal agencies tend to announce enforcement actions and rulemakings at the end of the day on Fridays, especially Fridays before a holiday. For crypto, last...
New crypto tax reporting obligations took effect on new year’s day
We wish you all a very happy new year! Unfortunately, the new year also brings a new law that is not only unconstitutional but also virtually impossible to comply with...
Amicus brief in case relating to IRS John Doe summons on exchanges
Coin Center's submitted this brief in support of James Harper in his case against the IRS. A direct download of this brief is available here.
A Simple Legislative Fix to Complicated Tax Rules for Personal Cryptocurrency Transactions
Existing rules for the taxation of cryptocurrency can make even the simplest of transactions a confusing ordeal to track, record, and report. A legislative fix is needed for everyday transactions,...
Coin Center Suggestions to Address Uncertain Tax Treatment of Digital Assets
A direct download of this letter is available here. Dear Chairman Wyden and Ranking Member Crapo, Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center...