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)
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