IRS, Treasury Announce New Crypto Tax Reporting Rule For Brokers | ZeroHedge

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) published a final rule on Friday that requires cryptocurrency brokers to report details of digital asset transactions to the tax agency.

The Treasury Department in Washington on March 25, 2024. (Madalina Vasiliu/The Epoch Times)

The final regulations announced today will require brokers to report gross proceeds on the sale of digital (more…)

Continue ReadingIRS, Treasury Announce New Crypto Tax Reporting Rule For Brokers | ZeroHedge

A Victory For Bitcoin: SCOTUS Overturning ‘Chevron Deference’ Is Monumental Shift | ZeroHedge

Authored by Colin Crossman via BitcoinMagazine.com,

In a landmark decision on June 28, 2024, the Supreme Court of the United States, by a 6-3 vote, overruled the longstanding Chevron doctrine, fundamentally reshaping the landscape of administrative law and judicial review. The case, Loper Bright Enterprises v. Raimondo, signals a significant shift in the balance of power between the judiciary and administrative agencies. This decision not only reinforces judicial independence but also (more…)

Continue ReadingA Victory For Bitcoin: SCOTUS Overturning ‘Chevron Deference’ Is Monumental Shift | ZeroHedge