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A collection of 15 posts

IRS Crypto Directors Depart Agency Following DOGE Resignation Offers

IRS Crypto Directors Depart Agency Following DOGE Resignation Offers

In a significant shift for the Internal Revenue Service’s crypto oversight, two key directors, Seth Wilks and Raj Mukherjee, have accepted deferred resignation offers orchestrated by the Department of Government Efficiency (DOGE) which is current headed up by Elon Musk. As of Friday, both officials, instrumental in shaping the

Trump Signs Historic Crypto Bill Repealing IRS DeFi Rule

Trump Signs Historic Crypto Bill Repealing IRS DeFi Rule

On April 10 2025, President Donald J Trump made history by signing H.J. Res. 25 into law a move that repealed the Internal Revenue Service's DeFi Crypto Broker Rule. This legislation marks the first cryptocurrency specific bill ever signed by a U.S. president a significant milestone

Senate Approves Repeal of IRS Crypto Tax Rule as Trump Prepares to Sign Historic Legislation

Senate Approves Repeal of IRS Crypto Tax Rule as Trump Prepares to Sign Historic Legislation

The U.S. Senate voted late Wednesday to repeal a contentious tax rule imposed by the Internal Revenue Service, marking a pivotal moment for decentralized finance regulation. The decision, passed with a decisive 70-28 vote, now heads to President Donald Trump’s desk, where it is widely anticipated to be

Roger Ver Legal Battle Continues as IRS Pushes for Extradition Over Tax Dispute

Roger Ver Legal Battle Continues as IRS Pushes for Extradition Over Tax Dispute

Roger Ver, a prominent figure in the Bitcoin and crypto space often referred to as "Bitcoin Jesus," continues to face a contentious legal struggle with the Internal Revenue Service (IRS). The dispute centers on taxes he paid in 2014 when he renounced his U.S. citizenship, a move

Congress Overturns IRS Crypto Rules, Boosting Digital Asset Innovation

Congress Overturns IRS Crypto Rules, Boosting Digital Asset Innovation

In a significant victory for the cryptocurrency industry, Congress has taken decisive action to dismantle controversial IRS regulations that many feared were choking the growth of digital assets in the United States. On March 11, 2025, the U.S. House of Representatives passed H.J. Res. 25, a resolution aimed

White House Backs Repeal of IRS DeFi Broker Rule to Support Crypto Innovation

White House Backs Repeal of IRS DeFi Broker Rule to Support Crypto Innovation

Today David Sacks, appointed as the White House’s AI and crypto czar under President Donald Trump, announced the administration’s support for a Congressional Review Act resolution aimed at overturning a controversial IRS rule affecting decentralized finance platforms. This resolution, introduced by Senator Ted Cruz and Representative Mike Carey,

Ethereum Founder Vitalik Buterin Voices Support in Roger Ver Tax Case

Ethereum Founder Vitalik Buterin Voices Support in Roger Ver Tax Case

Vitalik Buterin, co-founder of Ethereum, publicly criticized the potential life sentence facing Roger Ver over alleged nonviolent tax offenses. Buterin described the case as politically driven and the punishment as wildly disproportionate to the accusations. His comments add a significant voice to an ongoing debate that has already captured attention

Roger Ver New Mini-Film: Targeted by US Government, Facing Life in Prison, Not Suicidal

Roger Ver New Mini-Film: Targeted by US Government, Facing Life in Prison, Not Suicidal

In a new mini-documentary, Roger Ver, who is an early Bitcoin and cryptocurrency pioneer, famously dubbed "Bitcoin Jesus," opens up about his tumultuous journey from a libertarian advocate to a figure embroiled in what he describes as a relentless campaign of government persecution. This twenty minute short film

Roger Ver's Pardon Plea: A Call Against Government Overreach in Crypto

Roger Ver's Pardon Plea: A Call Against Government Overreach in Crypto

Few stories capture the essence of the tension between innovation in Bitcoin and crypto and regulation as vividly as that of Roger Ver. Known as "Bitcoin Jesus" for his early evangelism, Ver now faces an astonishing potential sentence of over 100 years in prison in the United States

Blockchain Association Files Lawsuit Over Controversial IRS DeFi Regulations

Blockchain Association Files Lawsuit Over Controversial IRS DeFi Regulations

In a significant development, the U.S. Internal Revenue Service (IRS) has recently introduced new regulations that classify a variety of decentralized finance (DeFi) protocols as brokers. These regulations mandate that these platforms adhere to Know Your Customer (KYC) requirements for transactions involving digital assets. The IRS has projected that

What the New IRS Regulations Mean for Crypto and DeFi

What the New IRS Regulations Mean for Crypto and DeFi

The U.S. Internal Revenue Service (IRS) has introduced new tax regulations set to take effect in 2027, which will significantly impact decentralized finance (DeFi) platforms. These rules mandate that DeFi brokers report all gross proceeds from digital asset sales and gather extensive user information, including names and addresses. This

IRS Declares Crypto Staking Taxable Amid Legal Battle

IRS Declares Crypto Staking Taxable Amid Legal Battle

A new twist has emerged that could significantly impact crypto investors – the Internal Revenue Service (IRS) has officially declared that staking cryptocurrency is a taxable event. This ruling comes at a time when the crypto market is soaring, with Bitcoin recently breaching the $100,000 mark for the first time,

Charlie Kirk Stands with Roger Ver in Battle Against Government Overreach

Charlie Kirk Stands with Roger Ver in Battle Against Government Overreach

In a powerful display of solidarity, political activist and host of "The Charlie Kirk Show," Charlie Kirk, has taken a firm stance in support of Roger Ver, who is currently ensnared in a contentious legal battle with the U.S. government. In an episode aired that aired today,

Roger Ver's Legal Team Challenges Indictment in Landmark Crypto Tax Case

Roger Ver's Legal Team Challenges Indictment in Landmark Crypto Tax Case

Roger Ver is fighting back against what his legal team describes as an overreach by the U.S. government. Ver, an influential figure in and outside of crypto, with over 740,000 followers on X, was arrested in February while attending a cryptocurrency conference in Barcelona, sparking a wave of

Elon Musk Says IRS To Be Audited With DOGE Commission

Elon Musk Says IRS To Be Audited With DOGE Commission

In a plot twist nobody saw coming but everyone supports, Elon Musk has announced that the Internal Revenue Service (IRS) will undergo an audit by the newly formed Department Of Government Efficiency (DOGE). This declaration marks a significant step in the incoming administration's strategy to drastically cut federal