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
Since assuming office on January 20, 2025, President Trump’s Administration, together with various federal agencies and Congress, have initiated several actions that have the potential to reshape the digital asset industry...more
On March 11, 2025, under the auspices of the Congressional Review Act (CRA), the U.S. House of Representatives approved a joint resolution (H.J. Res. 25) officially disapproving of recently finalized regulations that would...more