IRS team reports rise in crypto tax investigations
According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions. Go to Source
Regulation
Auto Added by WPeMatico
Coinbase initiative announces crypto-themed US presidential forum
Presidential candidates Asa Hutchinson, Vivek Ramaswamy and Dean Phillips will discuss blockchain and crypto ahead of the New Hampshire Primary. Go to Source
Nayib Bukele steps down as El Salvador’s President ahead of re-election bid
Acting President Claudia Rodríguez de Guevara, the first female head of state for El Salvador, took office on Dec. 1 and is expected to serve until June 2024. Go to Source
Sam Bankman-Fried will not file any post-trial motions, say lawyers
The former FTX CEO was found guilty of seven felony charges on Nov. 2, for which he could face up to 115 years in prison. Go to Source
Terraform Labs and SEC lawyers spar over whistleblower in court: Report
Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the matter go to trial. Go to Source
Courts will provide ‘good guidance’ for crypto — CFTC commissioner
Kristin Johnson proposed several potential paths for handling digital assets in the United States — through Congress, having private companies address governance and the courts. Go to Source
SEC solicits comments on Fidelity’s spot Ether ETF application
“Interested persons” will have 21 days to comment on a proposed rule change allowing the Cboe BZX Exchange to list and trade shares of the Fidelity Ethereum Fund. Go to Source
US regulators doing ‘good job of alienating’ crypto sector — Cardano founder
Charles Hoskinson took a jab at the perceived inconsistency in applying decentralization standards by the U.S. Securities and Exchange Commission (SEC). Go to Source
US Deputy Treasury Secretary calls for additional tools to sanction crypto firms
Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority. Go to Source
Paxos receives in-principle approval to issue stablecoins in Abu Dhabi
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin. Go to Source