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News for tag: "IRS"
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Crypto Voters Favor Trump\'s Industry Support Despite Liberal Lean: Survey Reveals Key 2024 Election Insights
08.10.2025 14:51
President Donald Trump\'s approval ratings may be struggling overall, but his strong advocacy for the cryptocurrency sector has earned him significant loyalty among U.S. crypto investors, who are sett...
Bullish
IRS Tax Relief for Crypto Treasury Firms: Limited Guidance Benefits Bitcoin Holdings
03.10.2025 20:21
New IRS guidance provides significant tax relief for corporations holding cryptocurrencies, though the scope remains limited to specific business types. The Internal Revenue Service announced that C C...
Bullish
Coinbase-Backed USDC Program Distributes $12K Crypto to Low-Income New York Residents
02.10.2025 16:57
A groundbreaking guaranteed-income initiative supported by Coinbase is distributing $12,000 in cryptocurrency to selected young New York residents. The Future First program has chosen 160 participants...
Neutral
Senator Wyden Investigates Pantera Capital Founder Dan Morehead Crypto Tax Evasion Allegations
02.10.2025 01:48
Senator Ron Wyden, leading Democrat on the Senate Finance Committee, continues investigating Pantera Capital founder Dan Morehead over potential tax evasion through Puerto Rico residency claims. The p...
Neutral
U.S. Senate Crypto Tax Hearing Highlights Regulatory Challenges for Bitcoin and Digital Assets
01.10.2025 22:21
A senior Coinbase tax executive testified before U.S. senators that the Internal Revenue Service lacks adequate infrastructure to process extensive cryptocurrency tax reporting required under current ...