Today's letter, published by House Ways and Means Committee Chairman Kevin Brady, calls on the agency to “expeditiously issue more robust guidance clarifying taxpayers’ obligations when using virtual currencies.” It is...
Video of the Rules Committee meeting is below and you can watch Rep. Jared Polis speak about the bill that he co-sponsored with Rep. David Schweikert. The amendment would have...
In April, Coin Center explained how the tax laws affecting digital currency transactions create serious friction for consumers and merchants and discourages the use of Bitcoin (or any cryptocurrency) as...
In a letter sent today to IRS Commissioner John Koskinen, Reps. Jared Polis and David Schweikert asked the IRS to take action on recommendations the Treasury Inspector General for Tax Administration...
We recently described what a bill creating a federal safe harbor for non-custodial uses of cryptocurrency should look like, and we’re now advocating for just such a bill in Congress....
Last weekend I attended what will probably be the final meeting of the Uniform Law Commission’s drafting committee for a model Regulation of Virtual Currency Businesses Act (the RVCBA!). The...
States have begun to look at how virtual currencies, such as Bitcoin, and the businesses that utilize them to provide consumer products, interact with money transmission and consumer protection policy....
North Carolina’s Senate Bill 680, which seeks to cover virtual currency under the state’s money transmission law, has been making its way through the state legislature. Recently some have hailed...
The New York Department of Financial Services will soon release what will be the first-of-its-kind digital-currency-specific regulation, the BitLicense. And following in its wake, a growing number of states have...