IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns
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Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later,…
Fed’s Rate Cut Could Spell Disaster, Microstrategy Buys More Bitcoin, and More — Week in Review
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Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans…
CFTC Teams up With SEC to Fight Cryptocurrency Scams
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The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public…
Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud
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Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He…
IRS Unveils Overhauled Crypto Tax Form With No Address Disclosure Requirements
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The U.S. Internal Revenue Service (IRS) has unveiled an updated Form 1099-DA for reporting digital asset transactions, introducing key changes that may…
RFK Jr. Pledges to Ensure US Government Holds 4 Million Bitcoins as Strategic Reserve if Elected President
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U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency,…
Treasury and IRS Announce Digital Asset Tax Reporting Regulations
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The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part…