Digital Dollars on the Horizon? FASB Launches Study Amid White House Push for Clarity
The nation’s main accounting rulemaker, the Financial Accounting Standards Board (FASB), has kicked off critical research into how companies will …
Stablecoin Payroll Gains Momentum, but IRS Rules Pose Compliance Challenges
Startups in the Web3 and decentralized finance (DeFi) sectors are increasingly turning to stablecoins like USDC and USDT for payroll, …
White House Calls for Digital Asset Tax ‘Fairness’ in New Report
In accordance with a President Trump executive order, the administration’s task force on digital asset policy released its report detailing …
Accountants Offer Assistance as SEC Drafts Regulatory Framework for Cryptos
In comment letters, the AICPA, the Center for Audit Quality (CAQ), and Big Four firms said that they support the …
Digital Asset Expert Reflects on Busy Crypto Week
While Congress advanced several pieces of legislation relating to the regulation and treatment of digital assets during its so-called crypto …
SEC Investor Advocate to Examine Risks of China-Based VIEs
In a report to Congress, the Securities and Exchange Commission’s (SEC) Office of the Investor Advocate (OIAD) said that it …
Commissioner Peirce Explores Coming Shifts in SEC Priorities
At a Washington conference, Securities and Exchange Commission (SEC) Commissioner Hester Peirce said that under Chair Paul Atkins, the commission …
Paul Atkins Moves Closer to Becoming SEC Chair as Senate Panel Advances His Nomination
The Senate Banking Committee on April 3, 2025, voted 13 to 11 to advance the nomination of Paul Atkins to …
States, Policy Orgs Support Crypto Trader in Fourth Amendment Claim Against IRS
A group of states and nonprofit policy organizations encouraged the Supreme Court to grant cert to a digital asset exchange …
Republicans Celebrate House Passage of DeFi Broker CRA
Biden-era regs classifying some decentralized digital asset entities as brokers subject to IRS reporting rules are one step closer to …