Tag: IRS
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, cars, and…
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 Pennsylvania…
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 Trump…
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 IRS…
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…
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…
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. The…
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 one…
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 announced…
