On January 13, 2023, the Internal Revenue Service (IRS) Office of Chief Counsel published Memorandum 202302011 titled “[a]pplicability of I.R.C. section 165 to cryptocurrency that has declined in value.” The Memorandum...more
1/23/2023
/ Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Internal Revenue Code (IRC) ,
IRS ,
Popular ,
Virtual Currency
On May 19, 2022, the U.S. Department of Commerce (Commerce) published a Request for Comment titled “Developing a Framework on Competitiveness of Digital Asset Technologies” (Request for Comment). Digital assets, in this...more
6/7/2022
/ Biden Administration ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Executive Orders ,
Public Comment ,
Regulatory Agenda ,
Regulatory Reform ,
Secretary of the Treasury ,
Stablecoins ,
U.S. Commerce Department ,
U.S. Treasury ,
Virtual Currency
There are those in the crypto sphere who, despite the strong warnings of several federal agencies, believe there can be no enforcement without crypto specific regulation. This is not the case. There are also those who believe...more
5/10/2022
/ CFTC ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
Non-Fungible Tokens (NFTs) ,
OCC ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Stablecoins ,
Virtual Currency