Tag: IRS
Crime
SafeMoon CEO Gets 8 Years for $10M Crypto Fraud
SafeMoon CEO Karony was sentenced to 8 years for defrauding investors of $9M in crypto.
Karony used diverted funds to buy luxury homes,...
NFT
CryptoPunk NFT Seller Admits Guilt in $13M Tax Fraud Scheme
Waylon Wilcox hid $13M in CryptoPunk profits, evading $3.3M in taxes.
The IRS is tightening its cryptocurrency control to combat NFT tax evasion.A...
News
Trump Signs Bill to Nullify Expanded IRS Crypto Broker Rule
Trump signs bill repealing IRS crypto broker rule, a win for DeFi.New law prevents future IRS crypto rules without Congressional approval.President Donald...
DeFi
Blockchain Groups Sue IRS Over DeFi Privacy Concerns
Crypto groups sue the IRS over the DeFi broker regulation expansion.
Legal battles endangered innovation and drove technology abroad.On December 27, 2024, the...
News
Blockchain Association Sues IRS Over New DeFi Regulations
The Blockchain Association has filed a lawsuit against the IRS over new DeFi regulations, challenging the broker classification and KYC requirements.The Blockchain Association has...
Bitcoin News
The IRS Is Revamping Its 2022 Crypto Reporting Requirements
Following record-high adoption in 2022, the Internal Revenue Service (IRS) is revamping its crypto reporting requirements.
The IRS Is Upping the Ante on Its Crypto...
Bitcoin News
Opinion: A Republican-Led House Will Diminish the Biden Anti-Crypto Agenda
Not long ago, the Republican dominated House of Representatives passed a bill to decrease funding for the Internal Revenue Service (IRS) by $70 billion....
Bitcoin News
Gary Harmon, Larry Harmon’s Brother, Pleads Guilty to Crypto Theft
An Ohio native allegedly stole millions of dollars in bitcoin from the Internal Revenue Service (IRS). 31-year-old Gary Harmon has recently pled guilty to...
Bitcoin News
Bitcoin and Crypto Are Becoming Easier to Track
It looks like bitcoin and its digital counterparts are not as ready for crime as many analysts initially thought. The U.S. Justice Department has...
Altcoin News
The IRS Backs Down on Crypto Staking Case
It looks like the Internal Revenue Service (IRS) doesn’t have as much power as we thought. The agency is offering to pay a man...
Altcoin News
2018 Cryptocurrency Market Decline May Have Severe Tax Implications for US Taxpayers
The 2018 cryptocurrency price declines may push US-based investors into problems with the internal revenue service (IRS). Considering reports that indicate a low volume...
Altcoin News
US Congressman Drafts Three Bills to Support the Cryptocurrency and Blockchain Industry
The Congressional Blockchain Caucus seems to be serious about pushing for speedy regulations as evidenced by its newest co-chair's draft bills.Perhaps one of the...
