Why U.S. Congress Won’t Pass Crypto Bills Anytime Soon

Why U.S. Congress Won’t Pass Crypto Bills Anytime Soon

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According to Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim LLP, as of now, the U.S. Congress will not be passing a crypto bill in the foreseeable future. Had drinks yesterday with a friend who's deeply connected in DC. Me: “what do you hear about crypto on the Hill?”Him:…

Congress Pressures IRS to Issue Better Tax Guidelines for Cryptocurrency

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In a letter sent from the House Ways and Means Committee on Wednesday, U.S. lawmakers are calling on the Internal Revenue Service (IRS) to issue more specific guidelines for taxes on digital assets. The letter lays out exactly what questions the Committee wants to be answered, with a  deadline of “no later than Oct. 17,…

US Lawmakers Want FinCEN Mandate to Explicitly Cover Crypto

US Lawmakers Want FinCEN Mandate to Explicitly Cover Crypto

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A new bill facing the U.S. Congress would have FinCEN more closely examine the cryptocurrency space, according to public documents.