Regulation

It’s here, we’re back with yet another breakdown of a crypto bill in Congress and the question remains, will this be the one? A new crypto bill named the ‘Fit for the 21st Century Act of 2023’ is in Congress and is the first crypto regulation bill to finally pass through the House Financial Services […]

In the last few weeks, the SEC has been on a regulatory rampage, reportedly going after crypto staking, Kraken, Paxos, Terraform labs, and even former coinbase employees, some within a matter of weeks. This recent crackdown has raised many questions such as: why now and not a year ago? What’s the future of crypto regulation

At this point regulation of crypto is inevitable, and while we still have many regulation deniers saying it will kill the industry, there have also been many people in the space who have made great arguments for regulation. While it’s hard to clearly break down the pros and cons due to the nuances of the

The Biden White House has just released its “comprehensive” framework for regulating digital assets. Here’s a brief breakdown. What roles the different government agencies will play: The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will be encouraged to ‘aggressively’ investigate unlawful practices in the digital assets space. The report encourages the Federal

Legislation has affected crypto more significantly than any other single reason over the past two years. Just recently, the senate passed the inflation reduction act which is likely to also affect crypto. Let’s break down what is happening in due course of the act. Highlight of the Inflation Reduction Act regarding crypto The IRS will

Senators Lummis and Gillibrand have introduced a bipartisan crypto regulation bill to congress, called the ‘Lummis-Gillibrand Responsible Financial Innovation Act.’ This New 67-page bill covers everything from clarifying definitions to consumer protection, to implementing clear tax guidelines. The outstanding kicker in this bill according to a summary released on Tuesday is that it actually puts the Commodity

The core reason why crypto regulation is taking so long and why there is probably still some time before we see any clear regulation or guidelines regarding it, is due to 4 key factors. It’s still new and not well understood. It’s a singular technology but has an extensive array of use cases. Up to

We are now entering the infamous and nationally dreaded time of the year, known as tax season. With crypto being such a new asset, there may be some confusion or uncertainty around it as it pertains to taxes. Here’s a brief breakdown to help you navigate reporting any gains/losses you may have from crypto when