Federal financial regulators and lawmakers continued advancing digital asset and capital markets policy this week. The Office of the Comptroller of the Currency (OCC) released a proposed rule to implement the GENIUS Act,...more
3/3/2026
/ Accredited Investors ,
Capital Markets ,
CFTC ,
Comment Period ,
Cryptoassets ,
Digital Assets ,
Federal Reserve ,
Initial Public Offering (IPO) ,
Notice of Proposed Rulemaking (NOPR) ,
OCC ,
Proposed Legislation ,
Public Comment ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
The GENIUS Act
The Senate Banking Committee is targeting Jan. 15 for the committee to mark up its portion of the digital asset market structure legislation. In anticipation of the markup, Senate Banking Republicans circulated a proposal to...more
1/13/2026
/ Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
FinTech ,
New Legislation ,
Proposed Legislation ,
Senate Banking Committee ,
Senate Committees ,
Stablecoins
Welcome back from the Thanksgiving holiday. The Senate Agriculture Committee held a nomination hearing for Michael Selig, who is currently chief counsel for the SEC Crypto Task Force, to become the CFTC Chair. The OCC issued...more
12/2/2025
/ Banking Sector ,
Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
FASB ,
FDIC ,
IRS ,
New Legislation ,
OCC ,
Proposed Legislation ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Taxation
With the government shutdown ending, federal agencies, including the CFTC and SEC, are resuming operations and making further progress on crypto-related policy.
On Capitol Hill, the Senate Agriculture Committee released a...more
11/18/2025
/ Blockchain ,
CFTC ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
FinTech ,
Government Agencies ,
Grantor Trusts ,
Howey ,
IRS ,
New Guidance ,
New Legislation ,
Proposed Legislation ,
Regulatory Oversight ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
The GENIUS Act ,
Trading Platforms
As the federal government shutdown continues, digital asset policy attention has shifted toward tax, banking supervision and market structure negotiations. On Capitol Hill, bipartisan Senate talks on crypto market structure...more
10/14/2025
/ Alternative Minimum Tax ,
CFTC ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
ETFs ,
Exchange-Traded Products ,
FDIC ,
IRS ,
New Guidance ,
OCC ,
Proposed Legislation ,
Proposed Rules ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Taxation ,
U.S. Treasury
In light of the approaching April 15 tax filing deadline, this week’s update highlights recent developments in U.S. federal tax policy that may impact crypto firms and crypto holders....more
Please note this an update to a Client Alert that was issued on January 4, 2024. If you receive more than $10,000 in digital assets in one transaction (or a series of related transactions), the Infrastructure Investment and...more
Starting January 1, 2024, if you receive more than $10,000 in digital assets in one transaction (or a series of related transactions), you must now report those transactions to the Internal Revenue Service (“IRS”) and the...more
The Internal Revenue Service and Treasury Department have issued long-awaited Proposed Regulations for parties that will be required to report transactions involving digital assets. These newly identified parties will need to...more
The Internal Revenue Service and Treasury Department have issued long-awaited Proposed Regulations for parties that will be required to report transactions involving digital assets. These newly identified parties will need to...more
9/15/2023
/ Bitcoin Mining ,
Brokers ,
Comment Period ,
Decentralized Autonomous Organization (DAO) ,
Digital Assets ,
Digital Wallets ,
FIFO ,
Internal Revenue Code (IRC) ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Payment Processors ,
Proposed Regulation ,
Regulatory Requirements ,
Reporting Requirements ,
Retailers ,
Software ,
Trading Platforms ,
Transaction Fees ,
U.S. Treasury
The U.S. Supreme Court rules that the IRS does not need to provide notice to innocent bank account holders when the summonses are issued in aid of collection of a delinquent taxpayer’s tax assessment.
...more
On Friday, December 23, 2022 the Internal Revenue Service provided a late Holiday Gift to payment card processors, third party settlement organizations, and potentially people who sold goods or services in excess of $600 in...more
The Infrastructure Investment and Jobs Act (H.R. 3684), (“Infrastructure Law”) was passed in 2021, and contained two provisions that target the reporting of digital assets....more