U.S. Treasury Department

The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.

Aug 25, 2023 at 12:45 p.m. UTC

Aug 25, 2023

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U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M

An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC said Friday.

By Anna Baydakova

May 19, 2023 at 7:39 p.m. UTC

May 19, 2023

SanctionsOFACTetherU.S. Treasury Department

Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges

Poloniex allegedly did not maintain proper know-your-customer practices between 2014 and 2019.

By Nikhilesh De

May 1, 2023 at 6:22 p.m. UTC

May 1, 2023

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U.S. Treasury Department in Washington, D.C. (Jesse Hamilton/CoinDesk)

U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts

The three were engaged in crypto activities themselves, and the U.S. Treasury Department says they were tied to the networks of DPRK entities laundering stolen crypto or moving illicit funds for that country.

By Nikhilesh De Jesse Hamilton

Apr 24, 2023 at 2:33 p.m. UTC

Apr 24, 2023

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U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

Regulations

U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

President Joe Biden unveiled his 2023 budget proposal on Thursday.

By Nikhilesh De

Mar 9, 2023 at 11:02 p.m. UTC

Mar 9, 2023

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Policy

Regulations

Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole

The U.S. President is expected to unveil his budget proposal on Thursday.

By Nikhilesh De

Mar 9, 2023 at 5:26 a.m. UTC

Mar 9, 2023

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Treasury Wants Public Opinion on Crypto’s Role in Illicit Finance

Video

Nikhilesh de

Treasury Wants Public Opinion on Crypto’s Role in Illicit Finance

The U.S. Treasury Department wants the public, including the crypto community, to weigh in on how digital assets might be used in illegal activities and how the department should respond to this issue. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the community’s impact on regulation.

By CoinDesk Staff

Sep 20, 2022 at 4:05 p.m. UTC

Sep 20, 2022

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US Treasury Sued for Sanctioning Crypto Mixer Tornado Cash

Video

Cdtv

US Treasury Sued for Sanctioning Crypto Mixer Tornado Cash

Six crypto users, including Coinbase employees, are suing the U.S. Treasury Department for blacklisting Tornado Cash last month, claiming the department’s sanctions watchdog overstepped its authority in prohibiting all American persons from interacting with the privacy tool. “The Hash” hosts discuss the potential outcomes.

By CoinDesk Staff

Sep 8, 2022 at 5:08 p.m. UTC

Sep 8, 2022

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Video

Kraken

Kraken CEO Condemns Tornado Cash US Sanctions

Jesse Powell, CEO of crypto exchange Kraken, has criticized the U.S. Treasury department’s blacklisting of crypto mixer Tornado Cash, saying it’s “unconstitutional.” “The Hash” team digs into Powell’s comments and the potential limits of outdated U.S. securities law.

By CoinDesk Staff

Aug 17, 2022 at 5:14 p.m. UTC

Aug 17, 2022

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Vitalik Buterin Addresses Use Case for Tornado Cash

Video

Ethereum

Vitalik Buterin Addresses Use Case for Tornado Cash

A day after the U.S. Treasury Department banned crypto mixer Tornado Cash, Ethereum co-founder Vitalik Buterin tweeted that he used the service to make a donation to support Ukraine. “The Hash” panel discusses the latest Tornado Cash developments and growing concerns over privacy.

By CoinDesk Staff

Aug 9, 2022 at 6:22 p.m. UTC

Aug 9, 2022

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