Jason J. Mendro

2 weeks ago | news.bloombergtax.com | Jason J. Mendro |Matt Gregory |Nick Harper

For many industries, the only thing better than a repealed regulation is one that an agency can’t resurrect. And that’s exactly what the crypto industry may have gotten, thanks to a resolution that gets rid of a Treasury Department and IRS rule that would have subjected decentralized finance participants to onerous tax-reporting requirements for digital-asset transactions.

2 months ago | coindesk.com | Jason J. Mendro |Matt Gregory |Nick Harper |Benjamin Schiller

There is more to SEC’s recent memecoin guidance than meets the eye. On Feb. 27, the staff of the SEC’s Division of Corporate Finance issued guidance explaining that memecoins — which the SEC described as digital assets “inspired by internet memes, characters, current events, or trends for which the promoter seeks to attract an enthusiastic online community” — are generally not sold as securities.