IRS Announces Temporary Relief for Digital Asset Brokers and Taxpayers Ahead of 2025 Compliance Deadline The IRS’s announcement of temporary relief under Revenue Procedure 2024-28 brings significant implications for consumers and entrepreneurs navigating the rapidly evolving world of digital assets. This guidance, which addresses compliance challenges ahead of the January 1, 2025 deadline, reflects the … Read more
Congressman French Hill Appointed House Financial Services Committee Chairman, Focus on Digital Assets and Financial Innovation Washington, D.C. — December 13, 2024 — Congressman French Hill (R-AR) has been selected to serve as the next Chairman of the House Financial Services Committee in the 119th Congress, following a recommendation by the House Republican Steering Committee. … Read more
On July 27th, U.S. House Financial Services Committee passed five blockchain/digital assets bills, and on July 28th, Senator Elizabeth Warren proposed a bill before Congress heads into recess next week. What does that mean for the blockchain and digital assets ecosystem? Global Blockchain Business Council (GBBC) and GBBC Digital Finance (GDF) have prepared a U.S. Policy Update … Read more