#IRS

Highlights: The PARITY Act would require the Treasury to study tax relief for small crypto transactions under $200. The proposal would delay taxes on locked staking rewards until users transfer or sell the assets. The bill would apply wash sale […]

Highlights: Lawmakers ask IRS to review crypto staking tax rules before 2026. They propose taxing staking rewards only once to reduce challenges. Industry leaders support fair taxation to maintain U.S. crypto leadership. A group of 18 bipartisan US House lawmakers […]

Highlights: IRS and Treasury allow crypto ETFs to stake digital assets and share rewards. Safe harbor rules provide tax clarity for trusts and support institutional staking. Bitcoin and Ethereum ETFs can earn rewards directly, which makes crypto funds more attractive. […]

Highlights: The Supreme Court has let the IRS access crypto data from Coinbase without reviewing Fourth Amendment privacy claims. The IRS can still demand user records from exchanges as courts uphold third-party data access without warrants. Crypto investors are facing […]

Highlights: Coinbase privacy rules do not prevent the IRS from accessing user crypto information. The IRS obtained crypto transaction data lawfully after getting a court-approved summons. A recent breach of user data from Coinbase has triggered various lawsuits. The US […]

Highlights: Trump’s signature cancels the IRS rule, protecting DeFi platforms from new reporting requirements. DeFi platforms criticized the rule for being technically impossible and burdensome on innovation. The repeal reduces the compliance burden, stopping the IRS from reimposing similar rules […]

Highlights: The House voted to repeal an IRS rule that requires DeFi brokers to report crypto transactions to the government. Industry leaders have argued that the IRS rule harms innovation and is impossible for decentralized platforms to follow. The resolution […]

Highlights: The IRS introduces temporary relief for crypto holders on CeFi exchanges. Taxpayers can use records or software to track sales until the end of this year. Crypto investors must choose an accounting method or default to FIFO for sales. […]

Highlights: IRS rules for DeFi brokers require reporting digital asset sales and taxpayer details starting in 2027. The regulations focus on front-ends like decentralized exchanges for tax reporting purposes. Industry leaders hope Congress will reverse the tax rules using the […]