How to manage crypto losses on tax returns in the US, UK and Canada
Unlock the complexities of cryptocurrency taxation and learn how crypto losses impact your tax liability in the United States, United Kingdom and Canada. Go to Source
Regulation
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Hester Peirce speaks out against LBRY enforcement action: ‘The market could have decided’
The SEC commissioner said the regulator’s actions “forced a group of entrepreneurs to abandon what they built,” with LBRY announcing in October it planned to wind down operations. Go to Source
Lawyer questions Sam Bankman-Fried on his political donations at trial
The former FTX CEO reportedly said the donations made in his name came from “loans from Alameda Research” as part of efforts to influence U.S. regulations on crypto. Go to Source
Sam Bankman-Fried denies defrauding FTX users at trial
As the final witness in his defense case, the former FTX CEO placed some of the blame for the crypto exchange’s failure on Gary Wang and Nishad Singh. Go to Source
Jury hears Sam Bankman-Fried’s testimony: ‘A lot of people got hurt’
The former FTX CEO returned to the witness to present his testimony to a jury of 12 people as the criminal trial begins to reach its final stages. Go to Source
Cynthia Lummis leads the charge calling for DOJ action against Binance and Tether
U.S. Senator Cynthia Lummis and Representative French Hill urged the Justice Department to take “swift action” against Binance and Tether over facilitating funds for Hamas. Go to Source
Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report
Assistant U.S. Attorney Danielle Sassoon grilled the former FTX CEO in court on his knowledge of FTX user deposits and the retention of communication records. Go to Source
Sam Bankman-Fried thought ‘taking FTX deposits through Alameda was legal’: Report
The former FTX CEO took the stand for the first time in his criminal trial, but without members of the jury present. Go to Source
Prosecutors rest their case as Sam Bankman-Fried prepares to testify
Defense lawyers representing SBF called two witnesses, a Bahamas-based attorney and an expert from a litigation consulting firm, before the former FTX CEO’s testimony. Go to Source
US lawmakers discuss digital assets and the House gets a new Speaker
With the election of Mike Johnson as speaker of the U.S. House of Representatives, Congress will once again be able to move forward on crypto bills. Go to Source