Brokers

(Jesse Hamilton/CoinDesk, modified)
DeFi Shouldn't Have to Worry About the SEC’s Expanded Broker Rule
A move to expand regulatory oversight over hedge funds and market makers could also rope in AMMs, experts say. But if these protocols cannot comply, is it really a threat?
(Jesse Hamilton/CoinDesk, modified)

Kristin Smith, CEO, Blockchain Association (Shutterstock/CoinDesk)
Congress Gets the Runaround From Regulators, Again
"If the broker rule proceeds as is, it will surely spell the near-total collapse of the crypto industry in the United States," writes Blockchain Association CEO Kristin Smith...
Kristin Smith, CEO, Blockchain Association (Shutterstock/CoinDesk)

Crypto advocate Peter Van Valkenburgh argues the IRS' extended reporting requirements violate the First and Fourth Amendments. (Coin Center)
‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules
Peter Van Valkenburgh on why the crypto industry has responded with 120,000 comments to the controversial new tax regulations.
Crypto advocate Peter Van Valkenburgh argues the IRS' extended reporting requirements violate the First and Fourth Amendments. (Coin Center)

The U.S. is weighing crypto tax rules, and many in the digital asset industry worry the government going too far. (Jesse Hamilton/CoinDesk.)
The IRS Should Offer a Free Tax Reporting Tool to DeFi Users
Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."
The U.S. is weighing crypto tax rules, and many in the digital asset industry worry the government going too far. (Jesse Hamilton/CoinDesk.)

The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)
The IRS Should Heed This Warning
Devs are not brokers.
The IRS has issued guidance on how it intends to tax crypto staking rewards. (Jesse Hamilton/CoinDesk)

IRS headquarters in Washington, D.C. (Zach Gibson/Getty Images)
US IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders
The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions.
IRS headquarters in Washington, D.C. (Zach Gibson/Getty Images)

House Bracing for Bipartisan Infrastructure Bill Vote
US Lawmakers Challenge Infrastructure Bill's Definition of 'Broker'
The representatives propose following a definition which avoids placing "unworkable customer reporting obligations" on parties who do not, in fact, have customers, such as cry...
House Bracing for Bipartisan Infrastructure Bill Vote

Senators Kyrsten Sinema (left), Mark Warner and Rob Portman (Alex Wong/Getty Images, modified by CoinDesk)
US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill
A bipartisan group of senators say they’ll offer legislation if needed to clarify the contentious provision.
Senators Kyrsten Sinema (left), Mark Warner and Rob Portman (Alex Wong/Getty Images, modified by CoinDesk)

Sen. Cynthia Lummis (R-Wyo.) walks the halls of the Capitol outside the Senate chamber on Aug. 10, 2021. (Liz Lynch/Getty Images)
Sen. Lummis Mounts Last-Ditch Effort to Modify Crypto Broker Language
With Biden’s signature imminent, the Wyoming senator is trying once more to narrow the bill’s “broker” scope.
Sen. Cynthia Lummis (R-Wyo.) walks the halls of the Capitol outside the Senate chamber on Aug. 10, 2021. (Liz Lynch/Getty Images)

Credit: Piotr Swat / Shutterstock.com
Online Broker TradeStation Going Public Via $1.43B SPAC Merger
The combination with Quantum FinTech is expected to close in the first half of 2022.
Credit: Piotr Swat / Shutterstock.com