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Federal Reserve Requires Banks to Provide Notice Regarding Crypto-Asset-Related Activities

Federal Reserve Requires Banks to Provide Notice Regarding Crypto-Asset-Related Activities The Federal Reserve Board (“FRB”) announced a significant shift requiring ... Read More

With Regulation on the Rise, Congressional Blockchain Caucus Steps Up to Test SEC’s Approach

Coming after the Biden Administration’s Executive Order on Digital Assets, the Congressional Blockchain Caucus has signaled it will watch new ... Read More

Digital Assets Executive Order Brings Regulation Closer Than Ever

President Biden issued a sweeping executive order in 2022 acknowledging the key role digital assets will play in the global ... Read More

Get to Know This Acronym for a Crypto Regulatory Alternative: DAOs


Governmental authorities are moving toward tighter regulation on cryptocurrency projects. Decentralized autonomous organizations (DAOs) present a potential alternative, with many ... Read More

Non-U.S. Crypto and Other Money Services Businesses: Have Customers in the U.S.? Beware of AML and Sanctions Compliance Risk

Two recent guilty pleas involving a cryptocurrency exchange serve as a reminder to all money services businesses (“MSBs”)—including those ostensibly ... Read More

Proof-of-Stake Rewards: Payment for Services or a Baked Cake?

Against the backdrop of rapidly evolving blockchain technology, the IRS has oftentimes been slow to update its related tax guidance, ... Read More

2022 Is the Year of Sweeping Changes for Cryptocurrency and Other Digital Asset Transfers


What to look out for in the proposed new Chapter 12 of the Uniform Commercial Code (UCC) The world of ... Read More

Cryptocurrency Transactions and Taxes: 5 Things to Know

The $1.2 trillion Infrastructure Investment and Jobs Act – also called the Bipartisan Infrastructure Law –garnered attention with its promise ... Read More

The Next Step: FinCEN Proposes to Require Reporting of Cryptocurrency Positions Held in Foreign Accounts


FinCEN recently took another important step toward bringing virtual currency into the financial assets reporting scheme. Taxpayers that have $10,000 ... Read More

“But if You Fall, You Fall Alone” – The SEC Goes After Ripple

Seven years after Ripple Labs, Inc. first began to sell its digital asset XRP, the Securities and Exchange Commission on ... Read More

Word on the Street Is That Virtual Currency Is the “New Gold,” and it’s Swiftly Moving Up the IRS Watchlist

The IRS has been increasingly active in its effort to ensure that virtual currency does not become a tool for ... Read More

CFTC: Virtual Currency Creates Real Segregation Risks


Virtual currency presents risks to futures commission merchants (FCMs) when deposited by futures customers or cleared swaps customers to margin ... Read More