IRS will implement a third-party reporting system for crypto asset transactions on CEXs such as Coinbase and Gemini. According to reports, custodial account transaction information involving crypto assets will be synchronized to the IRS through Form 1099-DA and

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IRS mandates centralized crypto platforms like Coinbase to report transactions via 1099-DA in 2025, affecting US investors' tax filings.

For the CFTC to fold on a case like this for only a $5 million settlement is indicative of a much more dovish stance,” said Joe Doll, general counsel for Magic Eden, who is not involved in the matter.

As tax season approaches, millions of Americans are gearing up to prepare their 2024 tax returns. However, for those involved in cryptocurrency transactions, a significant shift is on the horizon. Starting in 2025,

The U.S. Court of Appeals for the Third Circuit ruled on Jan. 13, 2025, in favor of Coinbase in its legal battle with the Securities and Exchange Commission (SEC).

Gemini also faces another case with the Securities ... U.S. regulators have sued a number of crypto exchanges, including Coinbase and Binance, for violating securities laws. Many observers have ...

US crypto tax rules begin in 2025, requiring exchanges to report transactions to the IRS. Trump’s pro-crypto stance sparks industry optimism.

CFTC subpoenas Coinbase for Polymarket investigation as Biden's term ends, seeking customer data tied to the prediction market platform

Crypto exchange Gemini agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission over allegedly misleading statements it made more than seven years ago about how easily the price of a bitcoin futures contract could be manipulated.

In the next few months, most Americans will be focused on getting their tax documents together to complete their 2024 returns.

Starting in 2025, crypto transactions, including Bitcoin, will be subject to third-party reporting. Custodial platforms, hosted wallet providers, and payment processors must track and report