\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 5 18

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, the IRS has assured that it will not impose reporting requirements on entities that solely provide validation services or hardware\/software that manages private keys. The agency estimates that about 15 million people and 5,000 firms will be affected by these new rules.<\/p>\n\n\n\n

Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The IRS has postponed specific regulations for DeFi operations and non-hosted wallet providers. The agency is still reviewing 44,000 public comments and plans to issue rules for these entities later in the year. The IRS emphasized the importance of these sectors but acknowledged the need for further consideration to develop appropriate regulations.<\/p>\n\n\n\n

However, the IRS has assured that it will not impose reporting requirements on entities that solely provide validation services or hardware\/software that manages private keys. The agency estimates that about 15 million people and 5,000 firms will be affected by these new rules.<\/p>\n\n\n\n

Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Stablecoins, DeFi, and NFTs<\/h2>\n\n\n\n

The IRS has postponed specific regulations for DeFi operations and non-hosted wallet providers. The agency is still reviewing 44,000 public comments and plans to issue rules for these entities later in the year. The IRS emphasized the importance of these sectors but acknowledged the need for further consideration to develop appropriate regulations.<\/p>\n\n\n\n

However, the IRS has assured that it will not impose reporting requirements on entities that solely provide validation services or hardware\/software that manages private keys. The agency estimates that about 15 million people and 5,000 firms will be affected by these new rules.<\/p>\n\n\n\n

Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/strong>Are You Skipping Taxes As A Crypto Holder? What You Should Know<\/a><\/p>\n\n\n\n

Stablecoins, DeFi, and NFTs<\/h2>\n\n\n\n

The IRS has postponed specific regulations for DeFi operations and non-hosted wallet providers. The agency is still reviewing 44,000 public comments and plans to issue rules for these entities later in the year. The IRS emphasized the importance of these sectors but acknowledged the need for further consideration to develop appropriate regulations.<\/p>\n\n\n\n

However, the IRS has assured that it will not impose reporting requirements on entities that solely provide validation services or hardware\/software that manages private keys. The agency estimates that about 15 million people and 5,000 firms will be affected by these new rules.<\/p>\n\n\n\n

Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The guidelines<\/a> state that stablecoin sales will generally not require individual reporting unless they exceed a $10,000 threshold. NFT transactions will need to be reported if the annual proceeds exceed $600.<\/p>\n\n\n\n

See Related: <\/strong>Are You Skipping Taxes As A Crypto Holder? What You Should Know<\/a><\/p>\n\n\n\n

Stablecoins, DeFi, and NFTs<\/h2>\n\n\n\n

The IRS has postponed specific regulations for DeFi operations and non-hosted wallet providers. The agency is still reviewing 44,000 public comments and plans to issue rules for these entities later in the year. The IRS emphasized the importance of these sectors but acknowledged the need for further consideration to develop appropriate regulations.<\/p>\n\n\n\n

However, the IRS has assured that it will not impose reporting requirements on entities that solely provide validation services or hardware\/software that manages private keys. The agency estimates that about 15 million people and 5,000 firms will be affected by these new rules.<\/p>\n\n\n\n

Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The IRS will require crypto brokers to file 1099 forms, similar to traditional investment firms, beginning with transactions in 2025. This new requirement will apply to trading platforms, hosted wallet services, and digital assets platforms. The IRS aims to increase transparency and tax compliance by having brokers report their customers' transaction details, including gains and the cost basis of tokens starting in 2026.<\/p>\n\n\n\n

The guidelines<\/a> state that stablecoin sales will generally not require individual reporting unless they exceed a $10,000 threshold. NFT transactions will need to be reported if the annual proceeds exceed $600.<\/p>\n\n\n\n

See Related: <\/strong>Are You Skipping Taxes As A Crypto Holder? What You Should Know<\/a><\/p>\n\n\n\n

Stablecoins, DeFi, and NFTs<\/h2>\n\n\n\n

The IRS has postponed specific regulations for DeFi operations and non-hosted wallet providers. The agency is still reviewing 44,000 public comments and plans to issue rules for these entities later in the year. The IRS emphasized the importance of these sectors but acknowledged the need for further consideration to develop appropriate regulations.<\/p>\n\n\n\n

However, the IRS has assured that it will not impose reporting requirements on entities that solely provide validation services or hardware\/software that manages private keys. The agency estimates that about 15 million people and 5,000 firms will be affected by these new rules.<\/p>\n\n\n\n

Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The US Treasury Department's IRS has announced new tax regulations that will impact crypto brokers starting in 2025, Coindesk reported. While the rules bring clarity to traditional crypto trading platforms, decentralized finance (DeFi) and non-hosted wallets will see their regulations introduced later this year.<\/p>\n\n\n\n

The IRS will require crypto brokers to file 1099 forms, similar to traditional investment firms, beginning with transactions in 2025. This new requirement will apply to trading platforms, hosted wallet services, and digital assets platforms. The IRS aims to increase transparency and tax compliance by having brokers report their customers' transaction details, including gains and the cost basis of tokens starting in 2026.<\/p>\n\n\n\n

The guidelines<\/a> state that stablecoin sales will generally not require individual reporting unless they exceed a $10,000 threshold. NFT transactions will need to be reported if the annual proceeds exceed $600.<\/p>\n\n\n\n

See Related: <\/strong>Are You Skipping Taxes As A Crypto Holder? What You Should Know<\/a><\/p>\n\n\n\n

Stablecoins, DeFi, and NFTs<\/h2>\n\n\n\n

The IRS has postponed specific regulations for DeFi operations and non-hosted wallet providers. The agency is still reviewing 44,000 public comments and plans to issue rules for these entities later in the year. The IRS emphasized the importance of these sectors but acknowledged the need for further consideration to develop appropriate regulations.<\/p>\n\n\n\n

However, the IRS has assured that it will not impose reporting requirements on entities that solely provide validation services or hardware\/software that manages private keys. The agency estimates that about 15 million people and 5,000 firms will be affected by these new rules.<\/p>\n\n\n\n

Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

\"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

\"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

The Reason Behind The Move<\/h2>\n\n\n\n

The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • Stablecoin sales will generally not require individual reporting unless they exceed a $10,000 threshold, while NFT transactions must be reported if annual proceeds exceed $600.<\/li>\n<\/ul>\n\n\n\n

    The US Treasury Department's IRS has announced new tax regulations that will impact crypto brokers starting in 2025, Coindesk reported. While the rules bring clarity to traditional crypto trading platforms, decentralized finance (DeFi) and non-hosted wallets will see their regulations introduced later this year.<\/p>\n\n\n\n

    The IRS will require crypto brokers to file 1099 forms, similar to traditional investment firms, beginning with transactions in 2025. This new requirement will apply to trading platforms, hosted wallet services, and digital assets platforms. The IRS aims to increase transparency and tax compliance by having brokers report their customers' transaction details, including gains and the cost basis of tokens starting in 2026.<\/p>\n\n\n\n

    The guidelines<\/a> state that stablecoin sales will generally not require individual reporting unless they exceed a $10,000 threshold. NFT transactions will need to be reported if the annual proceeds exceed $600.<\/p>\n\n\n\n

    See Related: <\/strong>Are You Skipping Taxes As A Crypto Holder? What You Should Know<\/a><\/p>\n\n\n\n

    Stablecoins, DeFi, and NFTs<\/h2>\n\n\n\n

    The IRS has postponed specific regulations for DeFi operations and non-hosted wallet providers. The agency is still reviewing 44,000 public comments and plans to issue rules for these entities later in the year. The IRS emphasized the importance of these sectors but acknowledged the need for further consideration to develop appropriate regulations.<\/p>\n\n\n\n

    However, the IRS has assured that it will not impose reporting requirements on entities that solely provide validation services or hardware\/software that manages private keys. The agency estimates that about 15 million people and 5,000 firms will be affected by these new rules.<\/p>\n\n\n\n

    Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

    The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

    Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

    \"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

    \"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

    Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

    The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

    The Reason Behind The Move<\/h2>\n\n\n\n

    The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

    On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Under these regulations, entities solely providing validation services or hardware\/software for managing private keys will not face new reporting requirements.<\/li>\n\n\n\n
  • Stablecoin sales will generally not require individual reporting unless they exceed a $10,000 threshold, while NFT transactions must be reported if annual proceeds exceed $600.<\/li>\n<\/ul>\n\n\n\n

    The US Treasury Department's IRS has announced new tax regulations that will impact crypto brokers starting in 2025, Coindesk reported. While the rules bring clarity to traditional crypto trading platforms, decentralized finance (DeFi) and non-hosted wallets will see their regulations introduced later this year.<\/p>\n\n\n\n

    The IRS will require crypto brokers to file 1099 forms, similar to traditional investment firms, beginning with transactions in 2025. This new requirement will apply to trading platforms, hosted wallet services, and digital assets platforms. The IRS aims to increase transparency and tax compliance by having brokers report their customers' transaction details, including gains and the cost basis of tokens starting in 2026.<\/p>\n\n\n\n

    The guidelines<\/a> state that stablecoin sales will generally not require individual reporting unless they exceed a $10,000 threshold. NFT transactions will need to be reported if the annual proceeds exceed $600.<\/p>\n\n\n\n

    See Related: <\/strong>Are You Skipping Taxes As A Crypto Holder? What You Should Know<\/a><\/p>\n\n\n\n

    Stablecoins, DeFi, and NFTs<\/h2>\n\n\n\n

    The IRS has postponed specific regulations for DeFi operations and non-hosted wallet providers. The agency is still reviewing 44,000 public comments and plans to issue rules for these entities later in the year. The IRS emphasized the importance of these sectors but acknowledged the need for further consideration to develop appropriate regulations.<\/p>\n\n\n\n

    However, the IRS has assured that it will not impose reporting requirements on entities that solely provide validation services or hardware\/software that manages private keys. The agency estimates that about 15 million people and 5,000 firms will be affected by these new rules.<\/p>\n\n\n\n

    Starting in 2026, real estate transactions paid with cryptocurrencies will also need to be reported. The IRS expects these regulations to reduce tax evasion and provide necessary information for accurate tax filing. Despite the delays for certain sectors, the new rules mark a significant step towards comprehensive crypto tax compliance.<\/p>\n\n\n\n

    The IRS noted that any future legislative changes regarding stablecoin issuers could lead to revisions of these tax rules. The agency is also closely monitoring the handling of NFTs to ensure that tax enforcement remains effective. The IRS's final stance on whether tokens are securities or commodities remains neutral, leaving that debate to ongoing legal battles.<\/p>\n","post_title":"US Taxman Introduces New Crypto Tax Rules For 2025","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-taxman-introduces-new-crypto-tax-rules-for-2025","to_ping":"","pinged":"","post_modified":"2024-06-30 05:48:17","post_modified_gmt":"2024-06-29 19:48:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17454,"post_author":"15","post_date":"2024-06-20 22:17:31","post_date_gmt":"2024-06-20 12:17:31","post_content":"\n

    Consensys announced <\/a>that the US Securities and Exchange Commission (SEC) has officially ended its investigation into the blockchain ecosystem. Consensys is a blockchain technology company focused on building decentralized applications (dApps) and tools primarily for the Ethereum blockchain.<\/p>\n\n\n\n

    \"Today we\u2019re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,\u201d the company posted.<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/Consensys\/status\/1803230653120659641\n<\/div><\/figure>\n\n\n\n

    \"This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.\"<\/em><\/p>\n\n\n\n

    See Related:<\/em><\/strong> MetaMask Hit With Cyberattack; 7000 User's Emails Threatened<\/a><\/p>\n\n\n\n

    Consensys filed a lawsuit against the SEC in April. The company complained that the SEC was attempting \"to regulate ETH as a security, even though ETH bears none of the attributes of a security\u2014and even though the SEC has previously told the world that ETH is not a security, and not within the SEC\u2019s statutory jurisdiction.\"<\/p>\n\n\n\n

    The lawsuit revealed that Consensys had received a Wells notice from the SEC, indicating the agency's intent to sue. Consensys, which owns popular web3 infrastructure like the crypto wallet MetaMask and API provider Infura, was founded by Ethereum co-founder Joe Lubin.<\/p>\n\n\n\n

    The Reason Behind The Move<\/h2>\n\n\n\n

    The U.S. Securities and Exchange Commission (SEC) approved the first Ethereum (ETH) spot ETFs on May 23, 2024. This means that the SEC is considering that Ethereum is not a security. <\/p>\n\n\n\n

    On June 7, Consensys sent a letter asking the SEC to confirm that the ETH ETF approval in May has classified ETH as a commodity. Which then suggests that the agency would close its investigation on Ethereum 2.0. <\/p>\n","post_title":"Consensys Announces Major Win As SEC Ends Ethereum 2.0 Investigation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"consensys-announces-major-win-as-sec-ends-ethereum-2-0-investigation","to_ping":"","pinged":"","post_modified":"2024-06-20 22:17:36","post_modified_gmt":"2024-06-20 12:17:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17454","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n