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US Treasury Removes Crypto Broker Reporting Rules – Details

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Department of the Treasury and the Internal Revenue Service (IRS) have formally scrapped a controversial crypto rule that would have mandated decentralized exchanges to comply with broker reporting obligations. US Treasury, IRS Drop Crypto Broker Rule On Thursday, the US […]

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Supreme Court Declines Crypto Privacy Case, Upholds IRS Access Without Warrant

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The Supreme Court’s refusal to hear a major crypto privacy case leaves intact rulings that uphold the IRS’ power to obtain bitcoin user data without consent. IRS Retains Authority to Access Bitcoin Transaction Data Without User Consent A constitutional challenge over the Internal Revenue Service’s (IRS) ability to obtain cryptocurrency transaction records without a warrant

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Supreme Court Denies Coinbase User Appeal: IRS Can Still Access Your Crypto Data – What Now?

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The United States Supreme Court has declined to hear a case challenging the Internal Revenue Service’s ability to access cryptocurrency user data, leaving in place a lower court ruling that allows the agency to collect records from Coinbase. In an order released Monday, the justices denied a petition from Coinbase user James Harper, who had

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IRS Floods US Crypto Users With Notices — What You Need to Know

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Crypto investors across the US are facing renewed scrutiny from the Internal Revenue Service (IRS), which has sent out a surge of warning letters over the past two months. The letters, according to tax experts, suggest that the agency is ramping up enforcement after identifying discrepancies in recent tax filings tied to digital asset transactions.

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IRS Intensifies Scrutiny Of Crypto With Surge In Warning Letters

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As crypto prices see a new rebound with Bitcoin (BTC) leading the pack, US investors are not only anticipating significant returns on BTC and other digital assets but also facing increased scrutiny from the Internal Revenue Service (IRS). Recent reports indicate that

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Crypto Tax Crackdown Looms as IRS Warning Letters Surge

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The Internal Revenue Service (IRS) has significantly increased the number of warning letters sent to crypto investors, causing anxiety among users. This uptick is seen as a precursor to a broader enforcement initiative, especially with new 1099-DA regulations set to take effect next year. Looming Enforcement Wave Warning letters sent to crypto investors by the

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14,000 Crypto Accounts Swept Into IRS Data Grab—Will the Supreme Court Act?

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The Supreme Court is being urged to dismantle a controversial IRS tactic that allowed warrantless data grabs from 14,000 crypto users, redefining privacy rights for the digital age. Mass IRS Record Seizure Hits 14,000 Crypto Users—Can the Supreme Court Push Back? A constitutional showdown over the privacy rights of cryptocurrency users could reshape how digital

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Veteran Trish Turner Takes IRS Crypto Helm as Musk’s DOGE Cuts Decimate Agency

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The Internal Revenue Service (IRS) is tapping longtime official Trish Turner to lead the organization’s Digital Assets Office, as stated in a May 5 report from Bloomberg. Trish Turner Tapped For Top Position According to the media outlet, Turner will serve as the crypto unit’s head after spending nearly two decades with the agency. The

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