Rulemaking


Policy

IRS Unveils Form Your Broker May Send Next Year to Report Your Crypto Moves

The rule that calls for the new 1099-DA isn't finished, yet, but the U.S. tax agency has shared what the form might look like to report brokered sales of digital assets.

(Jesse Hamilton/CoinDesk)

Policy

Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking

The crypto exchange had petitioned for clear rules on digital assets, and the agency rejected the petition in December. Coinbase isn't taking no for an answer.

Coinbase is accusing Chair Gary Gensler's U.S. Securities and Exchange Commission of improper procedure in its handling of crypto oversight. (Jesse Hamilton/CoinDesk)

Policy

U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi

The Securities and Exchange Commission approved a final rule Tuesday that DeFi interests call "hostile" to that sector, potentially requiring projects to register as dealers.

Chair Gary Gensler's U.S. Securities and Exchange Commission is weighing Hashdex's ETF application, which analysts suggest could have a leg up because of its novel approach.  (Jesse Hamilton/CoinDesk)

Policy

CFTC Pushes FTX-Inspired Rule to Protect Customers' Money

Commissioners took a step toward requiring derivatives clearing organizations, a key type of middleman in the industry, to keep their customers' money segregated from their own funds.

The U.S. Commodity Futures Trading Commission would be granted far-reaching authority over crypto trading and regulation in a new Senate bill. (Jesse Hamilton/CoinDesk)

Policy

Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner

The U.S. derivatives regulator proposed a new rule for how regulated firms should invest clients' funds, but a CFTC commissioner pointed out it doesn't address LedgerX.

The U.S. Commodity Futures Trading Commission would be granted far-reaching authority over crypto trading and regulation in a new Senate bill. (Jesse Hamilton/CoinDesk)

Policy

U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO

The Staff Accounting Bulletin 121 said customers' crypto assets in banks should be held on the banks' own balance sheets. That should have been a rule, not guidance, the GAO says, but the SEC says the policy remains unchanged in the meantime.

SEC Chair Gary Gensler in Washington on Oct. 25, 2023 (Jesse Hamilton/CoinDesk)

Policy

U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'

Under pressure to address reports that Hamas and other terrorist groups are partially funded with crypto, Treasury's FinCEN proposed a rule to categorize mixers as a threat.

Edificio del Departamento del Tesoro de Estados Unidos, en Washington D. C. (Jesse Hamilton/CoinDesk)

Policy

FASB Says Crypto Assets Should Be Marked at Current Values

The U.S. standard-setting organization for accounting has moved to insist companies use “fair-value” accounting to report their crypto holdings.

The Financial Accounting Standards Board is issuing the first crypto-specific accounting standard for companies with digital assets. (Krisanapong Detraphiphat/Getty Images)

Opinion

SEC’s DeFi Rulemaking Do-Over Falls Short

An attempt at classifying decentralized, open-source protocols as regulated exchanges is a "gussied up ban on blockchain in the U.S.," ConsenSys lawyer Bill Hughes writes.

(Mark Duffel/Unsplash, modified by CoinDesk)

Policy

U.S. Commodities Agency May Change Risk Rules to Consider Crypto

The CFTC has proposed an overhaul of risk-management requirements, and one commissioner says it should factor in emerging crypto dangers.

Commissioner Christy Goldsmith Romero (Jesse Hamilton/CoinDesk)

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