Latest News and Articles about Blockchain Association
Crypto Industry Battles IRS Overreach: DeFi at Risk, CRA Resolution Introduced
Crypto Industry Fights Back Against IRS Overreach on DeFi The cryptocurrency sector, backed by the Blockchain Association and Senator Ted Cruz, is rallying against a new IRS rule threatening to stifle decentralized finance (DeFi) innovation. This contentious regulation, quietly dropped during the holiday season, could drive DeFi development offshore and compromise U.S. leadership in blockchain […]
Read MoreDan Morehead’s $850M Crypto Tax Probe: Act 60 and IRS Rules Shake Crypto
Dan Morehead Investigated for $850M Crypto Tax Exemptions: Puerto Rico’s Act 60 Under Scrutiny Dan Morehead, the mastermind behind Pantera Capital, finds himself in the crosshairs of the U.S. Senate Finance Committee for leveraging Puerto Rico’s Act 60 to claim tax exemptions on a staggering $850 million in cryptocurrency profits. As new IRS regulations loom, […]
Read MoreBlockchain Association Sues IRS Over DeFi Broker Rules, Sparks Privacy Debate
Blockchain Association Challenges IRS Over Crypto Broker Rules The battle for the soul of decentralized finance (DeFi) has reached a boiling point as the Blockchain Association and the Texas Blockchain Council take on the IRS in a lawsuit that could redefine the future of crypto. These new regulations, set to take effect in 2027, expand […]
Read More