The Current State Of The IRS Broker Rule

The Current State Of The IRS Broker Rule

Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule: a regulation requiring all cryptocurrency exchanges – custodial and non-custodial, fiat to crypto and crypto to crypto – to effectively subject their users to Know-Your-Customer (KYC) measures. The rule establishes that…

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Howard Lutnick Says President Trump To Unveil Bitcoin Reserve Strategy This Week

Howard Lutnick Says President Trump To Unveil Bitcoin Reserve Strategy This Week

Commerce Secretary Howard Lutnick revealed in an interview on Tuesday that President Donald Trump plans to announce a bitcoin strategic reserve later this week. Speaking to independent news outlet The Pavlovic Today, Lutnick stated that the President “definitely thinks there’s a bitcoin strategic reserve” and will unveil plans for it during the White House’s inaugural…

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