Fenwick & West’s Post

Matt Gregory of Gibson Dunn arguing for crypto exchange #Binance, said the SEC was at one time telling industry participants to 'come in and register,' while also 'holding the door closed and preventing any viable path to do that.' The case is among pending court matters that could help define the SEC’s power over the crypto sector. Read The Daily Docket: https://reut.rs/4b6zZHY Subscribe: https://reut.rs/3O4K9yr #cryptocurrency #legal #legalnews

For business owners, navigating the cryptocurrency landscape demands vigilance amidst its volatile nature. From the rise of fraudulent activities to high-profile exchange collapses, the risks are evident. Watch our Litigation Partner, Siddartha Rao, as he describes the distinctions between crypto exchanges and outlines legal recourse in cases of harm. You can check out the full video and many more on our website: https://bit.ly/49Z04I2 #Cryptocurrency #riskmanagement #business #law #RLBusiness

Monica Long says ‘SEC is not a friendly entryway for us in the US’ ➡️ Read All : https://lnkd.in/eTPtewNw Monica Long, President of Ripple, joined Arjun Kharpal, Senior Correspondent for CNBC, at Money 20/20 to discuss the infrastructure needed for crypto implementation. Their conversation... [...] #Ripple #CryptoAdoption #DeFi #Blockchain #Regulation #Crypto #Legal #NBTC

⚖️🔥 Coinbase faces yet another class-action lawsuit, accused of misleading investors and selling unregistered securities, including tokens like #Solana and #StellarLumens. As legal battles mount, what are your thoughts on the future of crypto regulations? 💬👀 #CryptoNews #SEC #Crypto #CryptoRegulation #Blockchain #Cryptocurrency #Law #DigitalAssets #CryptoMarket #InvestorAlert #CryptoLegal #CryptoExchange

🎲 What is your house rule when it comes to landing on Free Parking in Monopoly? Whenever you're playing a game, you have to know the rules and more importantly who makes the rules. Business is the same way, especially in the blockchain world. Remember, just like in Monopoly, understanding the rules and who enforces them is essential for a successful crypto journey. Let’s play by the book! #blockchain #blockchainregulation #cryptocompliance #nft #seccompliance #aml #legaltechnology #digitalassets #cftc #sec #fincen #irs #crypto #legal #technologylaw

Ripple v. SEC case update as of May 10, 2024 ➡️ Read All : https://lnkd.in/eTiWfBT4 With the cryptocurrency community still at the edge of its seat, waiting for the closure of the protracted courtroom battle between Ripple and the United... [...] #RippleVsSEC, #CryptocurrencyNews, #CryptoRegulation, #XRP, #CryptoCourtCase, #Crypto, #Legal, #NBTC

🧾🧾 IRS Steps Back Crypto Tax Rules The US Internal Revenue Service delays enforcing the requirement to report cryptocurrency transactions exceeding $10,000, postponing the release of detailed regulations to gather public feedback and improve the law. The move is met with support from the crypto community, who see it as a way to avoid accidental misreporting and penalties. #cryptocurrency #taxlaw #IRS #regulation #fintech 📑📑資料來源： ➡️ https://lnkd.in/gpDsjGcP -選智慧勝金銀，隨洰苙看潛力- 📍Rich Fish Community：https://lnkd.in/gyVfytJq

As the IRS begins compliance work on cryptocurrency transactions, taxpayers who participate in them should prepare their documentation for scrutiny. You need to keep good crypto activity records because you may not be able to rely on your transaction platform to provide that data. However, some platforms, such as Coinbase, send Form 1099s to customers who earn more than $600 over the course of a t ax year. The IRS has suggested that during this transition period, it will be lenient with taxpayers who owe tax or haven’t kept good records because they didn’t know they’d need them. Also, the agency has talked about using artificial intelligence to enforce compliance with crypto reporting rules. #CryptoCompliance #Cryptocurrency #IRS #TaxSeason

As the IRS begins compliance work on cryptocurrency transactions, taxpayers who participate in them should prepare their documentation for scrutiny. You need to keep good crypto activity records because you may not be able to rely on your transaction platform to provide that data. However, some platforms, such as Coinbase, send Form 1099s to customers who earn more than $600 over the course of a tax year. The IRS has suggested that during this transition period, it will be lenient with taxpayers who owe tax or haven’t kept good records because they didn’t know they’d need them. Also, the agency has talked about using artificial intelligence to enforce compliance with crypto reporting rules. #CryptoCompliance #Cryptocurrency #IRS #TaxSeason

As the IRS begins compliance work on cryptocurrency transactions, taxpayers who participate in them should prepare their documentation for scrutiny. You need to keep good crypto activity records because you may not be able to rely on your transaction platform to provide that data. However, some platforms, such as Coinbase, send Form 1099s to customers who earn more than $600 over the course of a tax year. The IRS has suggested that during this transition period, it will be lenient with taxpayers who owe tax or haven’t kept good records because they didn’t know they’d need them. Also, the agency has talked about using artificial intelligence to enforce compliance with crypto reporting rules. #CryptoCompliance #Cryptocurrency #IRS #TaxSeason