IRS Intensifies Scrutiny Of Crypto With Surge In Warning Letters

Crypto

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As crypto prices see a new rebound with Bitcoin (BTC) leading the pack, US investors are not only anticipating significant returns on BTC and other digital assets but also facing increased scrutiny from the Internal Revenue Service (IRS).  Recent reports indicate that … Read more

IRS Crypto Rules Spark Pushback From Texas Senator Ted Cruz

IRS

The crypto industry, particularly brokers, is getting a big lift from Texas Senator Ted Cruz this week. According to an Axios report, Cruz will use the Congressional Review Act (CRA) in the next few days to challenge an existing IRS tax rule on crypto income reporting. This IRS reporting rule has generated plenty of pushback … Read more