Federal Court OKs John Doe Summons in Cryptocurrency Probe
The U.S. District Court for the Central District of California on August 15 authorized the IRS to serve a John …
House Democrat Says SEC has Big Role in Regulating Crypto
A major bipartisan crypto bill will likely not be taken up by the Senate this year, and critics of the …
Will FASB’s Incomplete Conceptual Framework Derail its Efforts on Crypto, Other New Projects?
Critical decisions the FASB makes that can ultimately move markets start with the Conceptual Framework, a set of theoretical guidelines …
GOP Senators Demand SEC Withdraw Guidance on Crypto Platform Accounting
A group of Republican senators on June 15, 2022, asked the SEC to withdraw its late March staff accounting bulletin …
Crypto, Banking Reps Critical of OECD Proposals
New requirements under the Organization for Economic Co-operation and Development’s proposed amendments to its reporting regime and new crypto framework …
The Long Read: Catching Up With Crypto
Mainstream interest in receiving and trading cryptocurrencies has proliferated among individuals and corporations. This article reviews what we know regarding …
Sen. Toomey Releases Draft Stablecoin Framework
Sen. Pat Toomey on April 6, 2022, rolled out draft legislation setting out a three-path regulatory framework for stablecoins. Toomey, …
Investors Applaud SEC Stance on Accounting Treatment of Customers’ Cryptos as Commissioner Peirce Criticizes It
A group of investors wants the SEC not to be deterred by strong pushback from the crypto industry against the …
Exclusive Interview With FASB Chair Richard Jones: Includes Insights on Path for Cryptocurrencies, ESG
FASB Chair Richard Jones told Thomson Reuters in a March 2022 interview that the Federal Reserve’s proposed U.S. central bank digital currency …
SEC Chair Gensler Asks Congress for Power to Regulate Crypto Trading, Decentralized Finance
SEC Chair Gary Gensler, in an August 5, 2021, letter responding to Sen. Elizabeth Warren, urged lawmakers to grant the …