News with the tag "Ron Wyden"

The top Democrat on the U.S. Senate Committee on Finance reportedly sent a letter informing Pantera Capital founder Dan Morehead that the crypto investor is facing a tax probe. The New York Times reports that in a letter, Senator Ron Wyden (D-OR) asks Morehad to give detailed information about a lar...

Sen. Ron Wyden (D-Ore.) has been a long-standing member of the U.S. Senate, and was a sponsor or co-sponsor of several key pieces of legislation enabling broad adoption of the internet. More recently, he voted in favor of a House Resolution overturning the Securities and Exchange Commission's Staff ...

AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who've shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience at CoinDesk's Consensus 2024 that the momentum will continue next ...

Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-custodial software, citing concerns over its impact on crypto networks and financial innovation. “I’m concerned the DOJ’s interpretation would treat softw...

If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said.

A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting businesses.

The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.

The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.

The U.S. Senate Committee on Finance is tapping into the cryptocurrency industry’s expertise, hoping to address the complex tax challenges and potential opportunities digital assets present. This development reveals a shift in legislative approach, opting for industry collaboration to untangle the i...