The Financial Accounting Standards Board decided to add a project to its technical agenda related to the accounting for cryptocurrency asset transfers.

The International Accounting Standards Board discussed adding new projects to its agenda, along with ongoing work on the equity method and intangible assets.

Senator Todd Young is urging the IRS to reconsider guidelines on the tax treatment of rewards crypto owners collect for locking assets on a blockchain network.

The Internal Revenue Service has provided a safe harbor for certain trusts enabling them to stake their digital assets without jeopardizing their tax status.

The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on the new Form 1099-DA.

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The National Taxpayers Union Foundation is asking the Internal Revenue Service to modify the proposed regs for the "no tax on tips" part of the One Big Beautiful Bill Act,

Prosecutors agreed to dismiss the indictment against Ver, who admitted that he failed to pay all the taxes that he owed to the IRS on the sale of Bitcoin after he renounced his U.S. citizenship.

Taxpayers who believed cryptocurrency offered privacy now face an environment where the IRS can access their data.

The American Institute of CPAs has updated its practice aid on digital assets with a new chapter on auditing cryptocurrency lending and borrowing transactions.

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The U.S. Department of the Treasury issued a request for comment, required by the Guiding and Establishing National Innovation for US Stablecoins Act.

Under the new law, issuers with more than $50 billion in stablecoins outstanding would be required to submit audited annual financial statements.

The IRS's Criminal Investigation division needs to do a better job of keeping track of the billions of dollars in cryptocurrency, says TIGTA.

The U.S. Supreme Court refused to question an IRS summons that forced Coinbase to turn over transaction information for over 14,000 cryptocurrency customers.

The Treasury Department and the IRS are giving brokers additional time to comply with requirements to withhold taxes on digital asset sales.

Asset tokenization, the creation of digital ownership representations for diverse assets on blockchain and DLT platforms, is a transformative force in finance.

The American Institute of CPAs is volunteering to provide its assistance in light of its own efforts in the digital assets space.

The Financial Accounting Standards Board published a rule in 2023 requiring companies that hold crypto to report their tokens at fair value.

Under current laws, qualified investors living in the commonwealth are not required to pay local or federal taxes on capital gains, including crypto appreciation.