The Trump administration has launched the U.S. Tech Force, a major two-year initiative to embed approximately 1,000 technology specialists across federal agencies. In a significant signal of the crypto industry’s maturing relationship with government, exchanges Coinbase and Robinhood are among nearly 30 private sector partners, which include tech giants like OpenAI, Nvidia, and Microsoft. This public-private partnership aims to tackle critical challenges in AI infrastructure and federal systems, offering high salaries and a potential bridge to private-sector careers.
about U.S. Tech Force Launches with Coinbase, Robinhood as PartnersInternal Revenue Service
0 in Finance and 0 in Crypto last weekUS Considers Global Crypto Tax Reporting Standard
The White House is reviewing a proposal that would align US cryptocurrency taxation with international standards, potentially transforming how Americans report digital asset transactions on foreign platforms. This initiative, submitted by the Internal Revenue Service, would implement the global Crypto-Asset Reporting Framework (CARF) by 2028, bringing the United States in line with 72 other countries and providing tax authorities unprecedented visibility into offshore crypto holdings.
about US Considers Global Crypto Tax Reporting StandardIRS Offers Crypto Staking Safe Harbor for ETPs
The Internal Revenue Service has issued groundbreaking guidance that establishes a regulatory safe harbor for cryptocurrency exchange-traded products engaging in staking activities. This long-awaited clarity from the US Department of the Treasury allows trusts to stake digital assets and distribute rewards to retail investors through regulated financial vehicles, marking a significant milestone in the integration of cryptocurrency operations into traditional financial frameworks.
about IRS Offers Crypto Staking Safe Harbor for ETPsUS Eases Bitcoin Tax Rules for Corporations
The US Treasury Department and Internal Revenue Service have delivered a landmark ruling that significantly reduces tax liabilities for corporations holding Bitcoin and other digital assets. New interim guidance clarifies that unrealized crypto gains will be excluded from Corporate Alternative Minimum Tax calculations, providing immediate relief for companies with substantial cryptocurrency holdings and removing a major barrier to corporate Bitcoin adoption.
about US Eases Bitcoin Tax Rules for CorporationsSenate Hearing on Crypto Tax After IRS Eases CAMT Rules
The US Senate Finance Committee is convening a crucial hearing on cryptocurrency taxation following new regulatory relief from the IRS. This comes just one day after the Treasury Department issued interim guidance easing compliance under the Corporate Alternative Minimum Tax for digital asset companies. The hearing represents a significant development in how large corporations in the crypto sector will be taxed moving forward, marking a pivotal moment in the ongoing dialogue between regulators and the digital assets industry.
about Senate Hearing on Crypto Tax After IRS Eases CAMT RulesSpot Ethereum ETFs Hit $4B in Net Inflows in Just 11 Months
Spot Ethereum ETFs listed in the US have reached $4 billion in cumulative net inflows as of June 23, just eleven months after their debut. BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity’s FETH were major contributors, while Grayscale’s ETHE trust experienced substantial outflows. The latest $1 billion inflow was achieved in just 15 trading days, signaling accelerating demand. Lower management fees (0.25% for ETHA and FETH vs. Grayscale’s 2.5%) and clearer IRS guidance on staking income have driven adoption. Institutional participation remains below 33% of total assets, suggesting further growth potential. The next quarterly Form 13F filings in mid-July will reveal whether professional managers increased their exposure.
about Spot Ethereum ETFs Hit $4B in Net Inflows in Just 11 MonthsSpokane Bans Crypto Kiosks to Combat Scams
Spokane’s City Council has unanimously passed an ordinance banning all cryptocurrency kiosks, including crypto ATMs, within city limits. The decision comes amid growing concerns over scams facilitated by these machines, with Washington State losing $141 million to such fraud. Operators must remove their kiosks within 60 days or risk civil violations and business license revocation. The ban targets vulnerable populations, especially seniors, who account for 30% of nationwide losses despite being only 17% of the population. The FBI reports $6.5 billion in fraud linked to crypto kiosks, with Spokane County recording at least three suicides tied to these scams. Local officials initially sought state-level regulation but opted for a citywide ban after legislative delays. The ordinance cites crypto’s decentralized nature as a key factor enabling criminal exploitation.
about Spokane Bans Crypto Kiosks to Combat ScamsCrypto Tax Guide: Key Questions Answered for 2021
This guide clarifies cryptocurrency taxation in the U.S., where the IRS treats crypto as property, not currency. It explains taxable events like selling, trading, or using crypto for purchases, and details how to report gains and losses on IRS Form 8949. The article also highlights that crypto exchanges often can’t provide complete tax documentation due to asset movements across platforms, making third-party tax software essential. Key topics include calculating capital gains, reducing taxable income with losses, and the limitations of exchange-provided tax data.
about Crypto Tax Guide: Key Questions Answered for 2021US Senate Repeals IRS DeFi Reporting Rule in Bipartisan Vote
The US Senate has voted 70 to 27 to repeal an IRS rule requiring decentralized finance (DeFi) platforms to report customer information, arguing that such platforms are not traditional brokers and would incur high compliance costs. This bipartisan decision, led by Senator Ted Cruz, reflects a growing recognition of the importance of crypto in the political landscape. Critics, however, warn that the repeal may push the digital asset industry further into the shadows, complicating efforts to combat financial crimes.
about US Senate Repeals IRS DeFi Reporting Rule in Bipartisan VoteSenate Advances Repeal of Biden Era Cryptocurrency Reporting Regulation
The Senate has advanced a resolution to repeal a cryptocurrency regulation established by the Biden administration, which mandates increased reporting by providers. The joint resolution passed 70-27 and requires approval from the House and President Trump to take effect. Trump’s crypto czar, David Sacks, indicated White House support for the repeal.
about Senate Advances Repeal of Biden Era Cryptocurrency Reporting RegulationUS Senate Votes to Repeal Controversial DeFi Tax Rule
The US Senate voted to repeal a Treasury Department rule that would have required DeFi trading websites to collect users’ personal information, marking a significant win for the crypto industry. With bipartisan support, the bill is expected to be signed by President Trump if it passes the House. This move reflects a shift towards relaxing regulations on digital assets, aiming to protect innovation and user privacy in decentralized finance.
about US Senate Votes to Repeal Controversial DeFi Tax RuleSenate Repeals Biden-Era Crypto Tax Reporting Rule in Bipartisan Vote
The Senate has voted to repeal a rule from the Biden administration that mandated certain cryptocurrency platforms to report customer transactions to the IRS, a move celebrated by the growing industry. This rule, set to take effect for the 2027 tax year, aimed to enhance tax compliance and align decentralized finance platforms with centralized exchanges and brokerages.
about Senate Repeals Biden-Era Crypto Tax Reporting Rule in Bipartisan Vote