New Crypto Reporting Rules: The $10,000 Question
The Internal Revenue Service (IRS) has recently introduced new cryptocurrency regulations that require both individuals and businesses in the United States to report any crypto payments received that are valued over $10,000. This regulation requires filling out Forms 8300 or IRC
LBRY vs SEC: The Fight Continues
https://twitter.com/LBRYcom/status/1699874353213559145 LBRY, a blockchain based, censorship resistant, network for file and video sharing, seems to be deviating from its previous intention to cease operations after being ruled as a security. Instead, it has chosen to contest a ruling made by a
Ripple Effect: XRP’s Landmark Legal Victory Against the SEC
After almost 3 years of litigation, Ripple Labs, a company specializing in the digital currency XRP, won a significant case in the New York Southern District Court. The case, initiated by the Securities and Exchange Commission (SEC) back in 2020, saw
Seeking Legal Eagles: SEC Hiring Attorneys for Cyber & Crypto Unit
These days it's easy to feel a bit lost in the ever-evolving landscape of cryptocurrency regulations. It seems like there are new developments coming out of D.C. everyday. And the ramp up for a crypto crackdown continues. Now, the Securities and Exchange
The Heat Is On: Gensler’s Take On Crypto Regulations
Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), recently testified before the House Appropriations Committee regarding a proposed budget for the commission's operations for the upcoming financial year. Gensler requested $2.436 Billion in order to support the
U.S. District Court Rules LBRY Token Is a Security
Following the ICO surge in 2017, the US Securities and Exchange Commission (SEC) spent years tracking different tokens that launched in this period. The goal of this research is to determine whether these tokens are utility tokens or illegal digital
Secret Service Unveils Cryptocurrency Awareness Hub
The cryptocurrency market has significantly grown over the past year, with the U.S. now being one of the largest crypto economies globally. Amidst this growth, the regulatory framework is also shifting. U.S. authorities have been working their way into regulating this
Hester Pierce Point Out Flaws in Gensler Regulatory Agenda
Hester Pierce, a U.S. Securities and Exchange Commission (SEC) Commissioner, has called out the SEC chair, Gary Gensler, over his newly released regulatory agenda. Pierce noted that the agenda failed to include features that will boost investor protection and help
Crypto CEOs Address Congress About Industry
The long-awaited meeting between the CEOs of top crypto companies and the U.S. House Financial Services Committee finally happened, raising various issues. At the center of these discussions was the issue of regulations in the industry. The discussion between the CEOs
Dubai Financial Authority Launches Regulatory Framework For Investment Tokens
The Dubai Financial Services Authority has rolled out a new regulatory framework for investment tokens. The new framework is one of the bold steps that the regulatory body has taken to oversee the digital assets sector. Under the new regulatory framework,