Legal developments, lawsuits, and compliance updates impacting the blockchain industry.
U.S. crypto companies were being regulated twice — now regulators say they’ll try to fix it.
The IRS may be backing down from a law suite around tax refund for block rewards, but this does not mean the rules have changed, as reported by other media outlets. Lawyers say the IRS may continue to tax rewards as income.
According to Treasury Department data published Tuesday, the national debt of The U.S. surpassed $30 trillion for the first time. Since January 2020, the U.S. has printed 80% of all U.S. dollars in existence.
