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Order in the Court: How The Crypto Industry Seeks Justice Through Lawsuits

In the face of the US’ lack of regulatory clarity, lawsuits are shaping the future of crypto legislation. Last month, a report by legal analytics firm Lex Machina revealed that the number of lawsuits mentioning the words ‘cryptocurrency’, ‘bitcoin’, or ‘blockchain’ this year has already increased 300 percent from the number of similar cases filed […]

Cryptocurrency: Where Even Free-Marketeers Call For Regulation

TThere was a common thread among the testimonies at the Legislating Certainty for Cryptocurrencies Congressional roundtable last week. Before the bipartisan panel, regardless of their field—whether it be cryptocurrency exchanges, business advisory firms, law, or from an interested advocacy group—the message to the federal government: “Either you come up with some rules or we wither […]

U.S. Needs Clearer and Friendlier Cryptocurrency Regulation to Support Innovation

Over 50 representatives from cryptocurrency, Wall Street and venture capital firms have said that the United States needs to come up with a clearer regulation that supports innovation in the cryptocurrency sector to prevent exodus of firms in the sector. They said this during this week’s “Legislating Certainty for Cryptocurrencies” event hosted by Ohio Republican […]

Is Cryptocurrency a Threat to the Financial System?

Cryptocurrency Issue Approached Differently Across Globe Cryptocurrencies are revolutionary. Since Bitcoin first came on the scene, each country has approached the cryptocurrency issue differently. There seems to be no consensus when it comes to how to handle cryptocurrencies. Of course, there are countries that do not support use of digital currency within their borders. For […]

US Tax Laws on Cryptos to Stimulate Economic Development

In the recent years, the federal government and states of the US have been working meticulously to grasp the concept of cryptocurrencies and apply them to conventional finance laws like taxes. Indistinguishably, the US tax laws are designed for attempts of achieving healthy economic results. As per the sources of Internal Revenue Service (IRS), majority […]

US Tax Laws on Cryptos to Stimulate Economic Development

In the recent years, the federal government and states of the US have been working meticulously to grasp the concept of cryptocurrencies and apply them to conventional finance laws like taxes. Indistinguishably, the US tax laws are designed for attempts of achieving healthy economic results. As per the sources of Internal Revenue Service (IRS), majority […]