Catenaa, Saturday, January 11, 2025 – The US Internal Revenue Service (IRS) has announced a temporary measure aimed at easing tax reporting for cryptocurrency holders utilizing centralized finance (CeFi) brokers, as per its latest notice, 2025-7.  The relief comes ahead of the implementation of Section 6045 broker regulations on January 1, 2025. These rules mandate […]

Washington DC, Monday, February 19, 2024 – The US Internal Revenue Service (IRS) filed a lawsuit on February 13, 2024, against the Federal Deposit Insurance Corporation (FDIC) seeking to recover an estimated $1.45 billion in unpaid taxes owed by the failed Silicon Valley Bank (SVB). The dispute centers on the FDIC’s disallowance of the IRS’s […]

Catenaa, Friday, March 28, 2025-The US Senate has voted to repeal a controversial IRS rule on crypto taxation, with President Donald Trump expected to sign the measure, lawmakers said Wednesday.  The resolution, introduced by Sen. Ted Cruz, R-Texas, and Rep. Mike Carey, R-Ohio, seeks to roll back reporting requirements imposed on decentralized finance (DeFi) entities. […]

Catenaa, April 11, 2025-President Donald Trump on Thursday signed a resolution repealing a late-stage Biden-era IRS rule that required custodial crypto brokers to collect and report user data to the tax agency, a move hailed by supporters as a win for digital asset innovation. The resolution, introduced by Rep. Mike Carey, R-Ohio, and Sen. Ted […]

Catenaa, Wednesday, March 05, 2025-The US Senate has voted to overturn a controversial tax reporting rule imposed by the Internal Revenue Service (IRS), which required brokers to report gross proceeds from digital asset sales. The resolution, introduced under the Congressional Review Act, passed with strong bipartisan support by a vote of 70-27. Many Republicans rallied […]