Text size An executive order would aim to bring order to the government’s approach to regulating cryptocurrencies. Brendan Smialowski / AFP via Getty Images The Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets such as Bitcoin and other cryptocurrencies as […]
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6 crypto investment rules to follow for a productive 2022
2021 was an excellent year for Crypto. And while the era-defining events pushed the assets towards a euphoric territory, the start to 2022 was anything but ecstatic. The market continued to trade sideways, and even the most promising crypto players kept shedding gains. However, the range-bound market could hardly dent […]
Bitcoin and Other Cryptos Are Near Records, but Tougher Tax Rules Are Coming
Text size The cryptocurrency tax-reporting changes could take effect at the start of 2023. Dreamstime Cryptocurrency investors and recipients may soon have to report more transactions to the Internal Revenue Service. The infrastructure package that Congress passed last week includes a variety of new tax-reporting requirements that could affect how […]
Wash sale rules could apply to bitcoin and ethereum in spending bill
24K-Production | iStock Editorial | Getty Images The House Ways and Means Committee is trying to shut down one of the most lucrative crypto tax loopholes, a move that could cost holders of bitcoin and other virtual coins nearly $17 billion, according to an estimate by the Joint Committee on […]