Peter Schiff Slams IRS and Biden’s Bitcoin Strategy Amid Bank Closure Scandal
#PeterSchiff alleges #IRS misconduct over his bank’s closure and urges the U.S. to sell #Bitcoinholdings to cut the 2024 deficit. #BitcoinStrategy
IRS
IRS Excludes Decentralised Exchanges from New Crypto Broker Rules
#IRS finalises crypto broker rules, excludes #decentralizedexchanges and self-custodial wallets. #Stablecoins and tokenized assets included. #CryptoRegulations
US Treasury Mandates Crypto Broker Reporting to IRS, Enhancing Tax Compliance and Transparency
New #US #Treasury rules mandate custodial #crypto brokers to report transactions from 2025, aiming to curb evasion.
Blockchain Association Criticizes IRS Broker Rule for Excessive Costs
#BlockchainAssociation stands against IRS broker rules, citing $254B in compliance costs and excessive paperwork. #CryptoNews #IRSRegulation
FTX Navigates $24 Billion IRS Claim: Settles for $885 Million Amid Bankruptcy
#FTX resolves #IRS settlement, commits $200M in 60 days. Customers assured 98% claim reimbursement. Exchange showcases proactive debt management. #Crypto #CryptoExchange
IRS Temporarily Suspends $10,000 Crypto Reporting for Businesses
The #IRS grants businesses a temporary reprieve, halting the $10,000 #crypto transaction reporting rule. Critics cite complexity. #CryptoTax #USA #CryptoRegulations
