Taxes
IRS draft tax form for crypto defines unhosted wallets as brokers
The controversial tax form has not been finalized.
Mike Dalton 3 min read
North America News
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Adoption
Chainalysis proposes $10 million Polkadot partnership to provide analytics solutions
The services provided by Chainalysis will include monitoring and tracing the DOT token activities on the Relay Chain, ensuring visibility of any potentially risky on-chain actions.
Legal
SEC claims Justin Sun’s alleged visits to US grant it personal jurisdiction to pursue legal action
According to the watchdog, Sun spent over 380 days in the US between 2017 and 2019 and made business trips to major cities, including New York City, Boston, Massachusetts, and San Francisco.
Latest North America Crypto News & Analysis
Stablecoins
US lawmakers’ proposed ban on algorithmic stablecoins draws industry backlash
The Lummis-Gillibrand stablecoin bill could heavily limit stablecoins in the US.
Regulation
Senator Warren wants to extend anti-money laundering rules to crypto miners and validators
Warren argued that sanctioned countries like Iran make substantial revenue from validating blockchain transactions and mining Bitcoin.
Stablecoins
US senators propose bipartisan stablecoin bill opening door to FDIC insurance in US
The bill classifies payment stablecoins' classification as customer assets rather than belonging to the issuer.
Exchanges
Binance.US appoints ex-New York Fed chief as board director to boost compliance efforts
Binance US's market share has plummetted to under 1% following its regulatory struggles with the authorities.
Crypto
New legislation in Arkansas singles out Bitcoin miners introducing targeted state fee
Bitcoin miners are facing increased regulatory attention due to the energy demands of their operations.
Tokenization
Polkadot eyes $8.8 million sponsorship deal with Lionel Messi’s Inter Miami
Polkadot's community has made a series of sport-related marketing moves as part of efforts to increase the blockchain's popularity.
More North America Crypto News Headlines
Regulation
Stablecoin regulation more likely this year following key discussions among lawmakers
Mining
Bitfarms expands Bitcoin mining hashrate to 7 EH/s with Quebec upgrades
Taxes
Top IRS official says ‘pure crypto tax crimes’ on the rise alongside scams
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