Protecting the developers and users of permissionless networks
A critic of CLARITY, in coming for crypto, inadvertently (or not) reveals a tech authoritarian dream. The post The CLARITY fight is bigger than crypto. It’s revealing the case for more control of the internet. appeared first on Coin Center .
Developer Lewellen lays out what’s at stake for open-source speech and user privacy The post Non-prosecution promises are not enough: Courts must rule on devs and money transmission appeared first on Coin Center .
Some proposals merely defer income tax treatment for miners and stakers without doing anything about the underlying misconception The post Congress must understand: Block rewards are newly created property, not income. appeared first on Coin Center .
Director of Policy Jason Somensatto testified before the House Ways Means Committee to discuss tax issues facing the users of digital assets today. Some issues discussed were: A de minimus exemption for small day-to-day cryptocurrency transactions The tax treatment of block rewards as new property rather than income The unworkability of applying of the [ ] The post Testimony on Digital Asset…
A PDF version of this filing is available here. To whom it may concern: Coin Center is an independent nonprofit research and advocacy center focused on the public policy issues facing cryptocurrency technologies such as Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate [ ] The post Comment to FinCEN on AML/CFT Programs…
A PDF version of this filing is available here. To whom it may concern: Coin Center is an independent nonprofit research and advocacy center focused on the public policy issues facing cryptocurrency technologies such as Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate [ ] The post Comment to FinCEN and OFAC on PPSI…
The BRCA’s final text reflects the concerns of skeptics while preserving the protection non-custodial developers need. The post The BRCA is ready to become law appeared first on Coin Center .
Coin Center is encouraged by the advancement of the Clarity Act through the Senate Banking Committee with the Blockchain Regulatory Certainty Act (BRCA) included and not undermined by ill-conceived amendments. However, with limited bipartisan support, there may be a push to make further concessions; the BRCA cannot be one of them. The BRCA As a [ ] The post The BRCA survived Clarity’s markup. Do…
A PDF version of this filing is available here. Dear Chairman Scott, Ranking Member Warren, Chairman Lummis, and Ranking Member Gallego: On behalf of Coin Center, I write to express our support for the Digital Asset Market Clarity Act. Since 2018, Coin Center has called for the creation of a de novo federal regulatory framework [ ] The post Letter in support of the Digital Asset Market Clarity Act…
The legal and practical case against extending the tax code’s wash-sale rule to crypto The post The Wash-Sale Rule Would Break Crypto Tax Compliance appeared first on Coin Center .