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Crypto tax ‘a top enforcement priority,’ reminds IRS commissioner

The Internal Revenue Service (IRS) continues to propose new tax reforms to regulate the crypto investments in the United States, with the latest notice sharing tax obligations for the marijuana industry.The notice, signed by IRS Commissioner De Lon Harris, reflects the priorities of the United States federal agency to ensure

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CFTC commissioner says agency has broad enforcement authority on crypto derivatives

Dawn Stump, one of four commissioners currently serving at the Commodity Futures Trading Commission, or CFTC, has released a statement clarifying the agency's authority with respect to digital assets. In a Monday statement, Stump said the CFTC is empowered with both regulatory and enforcement authority for commodities. She did not specifically say

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Crypto-friendly CFTC commissioner Brian Quintenz reportedly plans to step down

Brian Quintenz, who has served as one of the commissioners with the Commodity Futures Trading Commission, or CFTC, reportedly plans to leave the agency on Aug. 31.According to a Thursday report from the Wall Street Journal, Quintenz is expected to announce his move into the private sector after leaving the

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SEC has no authority over crypto, CFTC commissioner argues

Amid the United States Securities and Exchange Commission (SEC) expanding the scope of oversight of the cryptocurrency industry, a commissioner with the Commodity Futures Trading Commission (CFTC) argued that crypto regulation doesn’t fall under the SEC’s jurisdiction.CFTC commissioner Brian Quintenz took to Twitter on Wednesday to declare that cryptocurrencies like

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SEC Commissioner concerned about the US lagging behind global Bitcoin ETFs

Securities and Exchange Commissioner Hester Peirce has voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETFs).During an online appearance at the Bitcoin (BTC) conference “The B Word,” Peirce pointed out that many other countries such as Canada have already been trading crypto ETFs, while the

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