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The IRS Is Making Crypto Compliance Impossible

2 years 11 months ago
Crypto once again doesn’t fit into the regulatory round hole. The proposed 6045 digital asset broker regulations – currently in a comment period – are filled with problematic requirements. A few of them make taxpayer compliance impossible.This post is part of Co

Ex-FTX Executive Pioneers New Crypto Exchange

2 years 11 months ago
Can Sun, former general counsel of FTX, is spearheading the creation of a new exchange, Backpack, along with other ex-FTX executives. This development is especially noteworthy in the context of the upcoming Benzinga's Future of Digital Assets ...

Crypto Tax Basics: A 101 for Beginners

2 years 11 months ago
Welcome to the world of crypto taxes, where investors are finally starting to see black and white rules! It's crucial to understand the basics of crypto taxes to ensure you stay on the right side of the law, especially since the IRS is looking to crack down on crypto investors mo

The Tax Implications of Sam Bankman-Fried’s Conviction

2 years 11 months ago
On November 2, 2023, Sam Bankman-Fried was found guilty on all counts in his federal criminal trial in the Southern District of New York.The most recent superseding indictment was filed on August 14, 2023, and included seven criminal counts such as wire fraud, securities fraud, c
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