Category: digital assets

The SEC Has Declared War Against Digital Assets

April 25, 2023
digital assetsOpinionSecurities and Exchange Commission (SEC)Viewpoints
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Commentary The Financial Services Committee of the U.S. House of Representatives met last week to conduct an oversight hearing on the Securities and Exchange Commission (SEC). While many topics were covered in this marathon session, by far the most important, and the impetus for the hearing, was a growing concern by both Republican and Democrat…

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IRS to Prioritize Enforcement Including Criminal Investigation for Certain Assets

April 8, 2023
Business & MarketsCriminal Investigationdigital assetseconomic policiesExecutive BranchForm 1040IRSpersonal financePolicies & ImpactsPoliticsUSUS News
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The Internal Revenue Service (IRS) said it would increase enforcement in the area of digital asset transactions and listed transactions. The federal agency identified certain transactions to have high-risk issues in noncompliance and vowed to ramp up enforcement in those transactions. “The IRS tracks many known, high-risk issues in noncompliance, such as digital asset transactions, listed…

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