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gallagher
Featured News

Robinhood’s Dan Gallagher Passes on Potential SEC Chair Role

Dan Gallagher, Robinhood Markets' Chief Legal Officer (CLO) and former SEC commissioner, has decided not to pursue the role of Chair at the U.S. Securities and Exchange Commission (SEC). Notably, his decision comes amid growing speculation regarding leadership changes following the 2024 presidential election. Robinhood’s Dan Gallagher bows out of race for SEC chair — despite…
November 23, 20240Comments

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indict
Featured News

Nine Charged in U.S. Crypto Laundering Tied to Drug Cartels

Federal authorities have charged nine individuals with participating in a cryptocurrency laundering scheme tied to drug cartels, according to the U.S. Department of Justice (DOJ statement). Accordingly, the indictment alleges that the group facilitated the laundering of drug proceeds using digital assets, enabling cartels to move illicit funds across borders. Meanwhile, the charges were announced on…
November 22, 20240Comments

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18 states
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18 US states Sue the SEC, Citing Authority Abuse Under Gary Gensler

On November 14, eighteen US states filed to sue the Securities and Exchange Commission (SEC) for "unconstitutional overreach and unfair persecution" of the crypto industry under Gary Gensler's leadership. Notably, it was a joint filing led by Russell Coleman, Kentucky's Attorney General (AG), in a Kentucky district Court. Accordingly, other AGs partnered with AG Coleman to…
November 15, 20240Comments

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Trump appoints
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Trump Aims to Appoint Crypto-Supportive Officials to Key Federal Finance Positions

Donald Trump's upcoming administration would install crypto-supportive candidates in key federal finance positions to foster a more receptive inclination towards crypto in the United States. Notably, this aligns with the ultimate goal of elevating the country to the status of the "Crypto Capital of the planet," as reported by local media. In his second term…
November 12, 20240Comments

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IRS building with digital displays featuring Bitcoin and Ethereum, representing the 1099-DA form for digital asset reporting.
Markets

Understanding the IRS’s New 1099-DA Form: What It Means for Cryptocurrency Taxation

The Internal Revenue Service (IRS) has recently unveiled the first draft of the 1099-DA form, tailored specifically for digital asset transactions. This development is a significant step in the integration of digital assets into the regulatory framework of the financial system, reflecting their growing prevalence. As digital assets increasingly intersect with traditional finance, comprehending the…
April 27, 20240Comments

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