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H.R.3684 Infrastructure bill passed.
Digital Assets are now covered securities.
Reporting will be ushered in for all crypto brokers to report to IRS data on activity from 1/1-12/31/23 of all crypto transfers to other non US brokers (private wallets/offshore)
#XRP #SEC #Ripple
Digital Assets are now covered securities.
Reporting will be ushered in for all crypto brokers to report to IRS data on activity from 1/1-12/31/23 of all crypto transfers to other non US brokers (private wallets/offshore)
#XRP #SEC #Ripple
Big change. More info to come as I look through more specific language.
congress.gov/bill/117th-con…
congress.gov/bill/117th-con…
If you haven’t already give @jchervinsky a follow, I’m sure you won’t regret it in the following few days as he likely explains potential impact this could legally have on #DeFi and Crypto as a whole for US based citizens.
