Tag Archives: cryptocurrency

Cryptocurrency Compromise Emerges for Infrastructure Bill

By | October 19, 2021

WASHINGTON—A key senator negotiating the roughly $1 trillion bipartisan infrastructure bill signaled a willingness to compromise over a provision that seeks to raise money through tougher tax enforcement of cryptocurrency transactions. Sen. Rob Portman (R., Ohio) on Thursday said he agreed on the need to clarify the provision, which he wrote and is backed by… Read More »

Opinion: The Senate’s pursuit of cryptocurrency tax dodgers

By | October 19, 2021

Gold-plated souvenir Bitcoin coins in London on Nov. 20, 2017. (Justin Tallis/AFP/Getty Images) According to Congress’ tax experts, people who invest in cryptocurrency evade billions of dollars in capital gains taxes every year. That’s one reason the U.S. Senate has set its sights on cryptocurrency exchanges such as Coinbase and Binance, where people buy and… Read More »

Why Cryptocurrency Matters To Finance And Accounting Professionals

By | October 19, 2021

If you pay attention to cryptocurrency markets, you’ll notice that prices have gone up—way up. Since 2009, the value of Bitcoin has gone from fewer than ten cents to over $56,000 (as of this writing). The value quadrupled in 2020 and surged more than 63 percent in 2021. Though investing in cryptocurrencies is not for… Read More »