Opinion


Opinion

Lessons from New York for California’s New Crypto Licensing Regime

Linda Lacewell, who helped modernize New York’s regime for crypto startups, offers advice to California regulators about setting up a similar scheme there.

NYDFS, New York

Opinion

The IRS and the Rising Cost of Crypto Tax Compliance

David Kemmerer anticipates the unintended consequences of proposed new regulations on brokers reporting crypto transactions. Expensive “tax experts” are set to benefit financially, he says, even if ordinary investors won’t.

MOSHED-2020-7-13-19-5-50

Opinion

What the IRS Gets Wrong About DeFi and Crypto in Its Latest Tax Reporting Proposal

Given the negative impacts of the so-called "broker rule" for many non-custodial and open platforms, clear congressional authorization is required before the Treasury could expand the tax agency's remit, Marisa Coppel argued at a hearing.

U.S. Treasury Building (Nikhilesh De/CoinDesk)

Opinion

Disney Does NFTs Again in Partnership With NBA Top Shot Makers Dapper Labs

CEO Roham Gharegozlou and VP Ridhima Kahn discuss the company's latest consumer-facing app.

Dapper Labs, inventors of CryptoKitties, have been working with Disney on the entertainment giant's latest foray into Web3. (PAN XIAOZHEN/Unsplash)

Opinion

What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?

As with the FTX fraud, it’s unclear how tax authorities are going to treat tax issues when there’s criminal activity involved.

(Alpha Rad/Unsplash)

Opinion

The IRS Is Making Crypto Compliance Impossible

The 6045 digital asset broker regulations are likely to greatly increase the cost of filing your crypto taxes, says Kirk David Phillips, CPA.

(Jesse Hamilton/CoinDesk)

Opinion

The IRS Should Offer a Free Tax Reporting Tool to DeFi Users

Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."

The U.S. is weighing crypto tax rules, and a hearing today will hear from industry representatives worried about the government going too far. (Jesse Hamilton/CoinDesk.)

Opinion

Crypto Tax Basics: A 101 for Beginners

Everything you need to know, courtesy of Jaimin Desai, CEO & Co-Founder of Reconcile, a tax optimization platform helping investors, business owners and high-income earners pay less tax.

Tax man

Opinion

The IRS Should Heed This Warning

Devs are not brokers.

The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)

Opinion

The Tax Implications of Sam Bankman-Fried’s Conviction

The end of the trial provides some clarity for FTX customers as to how the company’s bankruptcy might affect their taxes. But how the IRS might act in the context of illegal activity is unclear.

(MIT Bitcoin Club, Mercatus Center, Cointelegraph/Wikimedia Commons, modified by CoinDesk)