The summonses are part of a broader effort by U.S. lawmakers and regulators, including the SEC and the CFTC, to extend their oversight to crypto trading.

The growing use of cross-chain bridges — services that can transfer cryptocurrency from one blockchain to another — has made it more difficult to track virtual currency, particularly in cases of money laundering.

The Treasury announced sanctions against Tornado Cash, a virtual currency 'mixer,' over accusations of money laundering facilitation.

Legislation introduced by a mix of Republicans and Democrats would exempt the firms from being considered cryptocurrency "brokers."

Two of 11 individuals charged with running an alleged cryptocurrency Ponzi scheme have settled with the commission.

Michael Alan Stollery of Titanium Blockchain Infrastructure Services pleaded guilty to enacting a $21 million scheme that involved misleading investors.

The commission filed insider trading charges against a former Coinbase employee -- but some argue that the assets involved aren't under its jurisdiction.

The bureau is warning people to make sure the app they use to trade cryptocurrency is legitimate, as approximately 277 people have lost $42.7 million to fake ones designed by scammers.

With fast-paced change and tremendous uncertainty, this is sure to be an area of growth for accounting practices.

While they hold much potential to change accounting, thought leaders say the technology is still immature.

The Treasury developed the framework with other federal agencies in response to an executive order from President Biden, even as lawmakers have proposed their own industry-friendly legislation.

The requirement, buried in the $1 trillion infrastructure law passed last year, mirrors one for brokerages and has flown under the radar.

Two U.S. states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else.

The Treasury and the IRS are likely to push off a January date for firms to begin tracking data such as customers’ capital gains and losses.

A recent report suggests that, should the government invest more in compliance, could mean billions more in tax dollars collected.

Crypto companies that have been trying to go public since last year’s boom remain stuck in a lengthy back-and-forth with U.S. regulators, adding to the pile of challenges facing the industry.

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The legislation is one of the most ambitious attempts to regulate the volatile asset class.

The board's future projects include digital assets, intangibles, government grants, and accounting for financial instruments with ESG-linked features.