List of Flash News about IRS
Time | Details |
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2025-03-12 03:51 |
U.S. House Passes Resolution to Overturn IRS DeFi Broker Rule, Marking a Significant Victory for Crypto
According to Crypto Rover, the U.S. House has passed a resolution to overturn the IRS DeFi broker rule, which is seen as a major win for the cryptocurrency sector. This development could potentially reduce regulatory burdens on decentralized finance platforms and encourage further innovation and investment in the crypto space. |
2025-03-11 22:42 |
House Rejects Biden-era DeFi Reporting Rule, Easing Developer Burdens
According to paulgrewal.eth, the House has rejected the Biden-era DeFi Reporting Rule, which was deemed unworkable and would have overwhelmed the IRS with billions of new 1099s. This decision significantly reduces the regulatory burden on DeFi developers, marking a pivotal moment for the cryptocurrency industry. The rule now awaits the President's signature. |
2025-03-11 22:22 |
Super Majority Votes to Nullify IRS DeFi Broker Rule
According to Eleanor Terrett, a super majority vote in the House has successfully passed to strike down the IRS DeFi broker rule. This decision saw support from all House Republicans, except for a couple of no-shows, and 76 Democrats, indicating a significant bipartisan agreement against the rule. |
2025-03-11 22:19 |
House Rejects Biden-Era DeFi Reporting Rule, Easing Developer Burdens
According to paulgrewal.eth, the House has rejected the Biden-era DeFi Reporting Rule, which was deemed unworkable and would have imposed significant burdens on developers by requiring billions of new 1099s to be filed with the IRS. This decision marks a bipartisan victory, and the matter now awaits the President's signature. |
2025-03-05 14:53 |
Senate Passes Ted Cruz's CRA to Rescind IRS DeFi Broker Rule with Super Majority
According to Eleanor Terrett, the Senate has passed Senator Ted Cruz's Congressional Review Act (CRA) aimed at rescinding the IRS DeFi broker rule with a super majority of 70-27. This move is seen as a significant step towards fostering American innovation in the cryptocurrency space. The resolution now heads to the House for further consideration. |
2025-03-04 23:10 |
IRS Plans Significant Workforce Reduction Impacting Market Sentiment
According to The Kobeissi Letter, the IRS is preparing to cut up to 50% of its 90,000 employees. This move may influence market sentiment, particularly in sectors reliant on tax regulation and compliance. Market participants should monitor potential impacts on IRS operations, which could affect cryptocurrency taxation processes and enforcement. (Source: The Kobeissi Letter, AP) |
2025-02-27 10:53 |
IRS Office Closures and Trump's Tax Plans Impact on Cryptocurrency Markets
According to Crypto Rover, the IRS plans to shut down 120 offices, and former President Trump has announced intentions to abolish the IRS and eliminate income tax. Such developments could significantly impact the cryptocurrency market by potentially increasing the attractiveness of cryptocurrencies as alternatives to traditional financial systems, assuming these plans gain traction. |
2025-02-27 09:58 |
IRS Crypto Broker Rule Elimination Passes Committee, Potential Impact on Crypto Trading
According to Crypto Rover, the IRS crypto broker rule elimination has just passed the committee, potentially paving the way for future crypto income tax cuts. This development could influence trading strategies as regulatory burdens on crypto brokers may decrease, possibly affecting market liquidity and trading volumes (source: Crypto Rover). |