Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical.

A Senate plan to spend $550 billion on U.S. infrastructure stands to benefit industries heavily dependent on transportation.

Sure, you might have to actually pay U.S. taxes on those crypto trades. But at least it will be easier to figure out how much you owe.

The $550 billion infrastructure bill that would provide the biggest infusion of federal spending on public works in decades.

A Senate proposal to ramp up IRS surveillance over cryptocurrency transactions claims it will $28 billion in tax revenue.

Two companies are teaming up to allow clients to buy mining machines through an IRA.

The Senate’s bipartisan deal would impose stricter rules on cryptocurrency investors to fund a portion of the $550 billion investment.

Tesla, MicroStrategy and Square will have to reckon with their digital holdings in earnings reports.

The company automates all aspects of cryptocurrency tax compliance, and is looking at a valuation north of $1 billion.

Ripple has said the SEC can’t regulate XRP because, as a virtual currency used in international and domestic transactions, it’s a medium of exchange and not a security.

The Securities and Exchange Commission is ramping up enforcement against cryptocurrency providers, as the Internal Revenue Service has also stepped up investigations and compliance efforts.

The cryptocurrency exchange has been touting letters from IRS and FBI agents praising its cooperation.

Service with a smell; disclosure expectations; new to us; and other highlights from our favorite tax bloggers.

Accounting firms are restricting corporations from holding the cryptocurrency as assets even as they give free rein to venture capital firms to invest in equally risky and volatile unicorns.

The Internal Revenue Service is focusing on cryptocurrency tax evasion with virtual currencies like Bitcoin and nonfungible tokens, employing data analytics to uncover transactions that crypto users assumed were hidden.

The IRS, tax preparers and taxpayers all scrambled to keep up with a rapidly changing situation this year.

Facing an indictment on tax charges in the U.S., McAfee had been in Spanish custody since October.

Lukka appoints CFO, and DigiCert intros e-signature capability to its PKI management solution.

Commissioner Rettig told the Senate Finance Committee that the value of the cryptocurrency market now tops $2 trillion.

The Biden administration has proposed requiring the collection of data on foreign cryptocurrency investors active in the U.S., aiming to bolster international cooperation to help in a broader crackdown on tax evasion.