On June 12, 2025, the Internal Revenue Service (IRS) released Notice 2025-33 which extends for an additional calendar year the transitional relief initially provided in Notice 2024-56 to brokers required to report digital...more
6/20/2025
/ Cryptocurrency ,
Digital Assets ,
Filing Requirements ,
Financial Institutions ,
Internal Revenue Code (IRC) ,
IRS ,
New Regulations ,
Penalties ,
Reporting Requirements ,
Tax Liability ,
Taxation
On May 29, 2025, House Financial Services Chair French Hill introduced the Digital Asset Market Clarity Act (“CLARITY” or the “Act”) a 236 page, detailed bill meant to establish a regulatory framework for digital assets....more