On July 18, 2025, President Trump signed the Guaranteed Essential National Infrastructure for U.S. Act (the “GENIUS Act”) into law, marking the first comprehensive U.S. federal regulatory framework for payment stablecoins. ...more
Snapshot of Activity in June -
The following events are key, but not comprehensive, events for the month of June....more
On June 12, 2025, the Internal Revenue Service (IRS) released Notice 2025-33 which extends for an additional calendar year the transitional relief initially provided in Notice 2024-56 to brokers required to report digital...more
6/20/2025
/ Cryptocurrency ,
Digital Assets ,
Filing Requirements ,
Financial Institutions ,
Internal Revenue Code (IRC) ,
IRS ,
New Regulations ,
Penalties ,
Reporting Requirements ,
Tax Liability ,
Taxation
On May 29, 2025, House Financial Services Chair French Hill introduced the Digital Asset Market Clarity Act (“CLARITY” or the “Act”) a 236 page, detailed bill meant to establish a regulatory framework for digital assets....more