On March 6, President Trump issued an Executive Order establishing a Strategic Bitcoin Reserve capitalized by Government BTC and a U.S. Digital Asset Stockpile capitalized by other crypto assets. Creating the Strategic...more
5/2/2025
/ Banks ,
Bitcoin ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Executive Orders ,
Financial Institutions ,
Financial Regulatory Reform ,
OCC ,
Popular ,
Regulatory Reform ,
Trump Administration ,
U.S. Treasury
The European Union’s (“EU”) “Markets in Crypto-Assets Regulation” (“MiCAR”) defines crypto-assets as digital assets that may depend on cryptography and exist on a distributed ledger. A basic taxonomy distinguishes between (1)...more
In 2019, the American Law Institute (“ALI”) and Uniform Law Commission (“ULC”) began developing amendments to the Uniform Commercial Code (“UCC”) to adapt to the changing landscape of transactions involving digital assets,...more
11/29/2023
/ Bitcoin ,
Blockchain ,
Collateral ,
Cryptocurrency ,
Digital Assets ,
Electronic Records ,
New Guidance ,
Non-Fungible Tokens (NFTs) ,
Proposed Amendments ,
Smart Contracts ,
Uniform Commercial Code (UCC)
The pace at which states are legislating blockchain technology and cryptocurrencies appears to be accelerating. However, there is no standardization or uniformity in how states are choosing to treat these emerging...more
Within the past year, the IRS has not changed its position on the way they are treating the taxation and reporting of digital token transactions. This alert serves as an update to last year’s rundown of cryptocurrency...more
7/18/2019
/ Cryptocurrency ,
Digital Assets ,
Income Taxes ,
IRS ,
Legislative Agendas ,
Like Kind Exchanges ,
Personal Property ,
Personal Property Tax ,
Section 1031 Exchange ,
Self-Employment Tax ,
Tax-Deferred Exchanges ,
Virtual Currency ,
Wages
Most U.S. businesses have been introduced to the concept of blockchain and Bitcoin by now. Even with scalability and other concerns, investment grows in these technologies. ...more
In the absence of new federal legislation governing blockchain technology and cryptocurrencies, state governments are taking a variety of actions -- from legislation, administrative actions and government-funded studies --...more
If you do not currently own Bitcoin, the odds are in the last few months you have thought about the merits (or lack thereof) of owning Bitcoin. Bitcoin is a cryptocurrency, which is a digital or virtual currency (commonly...more
4/10/2018
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Financial Instruments ,
Financial Markets ,
FinCEN ,
Initial Coin Offering (ICOs) ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency
With the individual tax filing deadline approaching it is a good time to visit the tax treatment of your bitcoin and other cryptocurrency transactions from 2017.
With the increase in publicity and use of cryptocurrencies,...more