Tax News and Developments September 2025
In brief
Earlier this summer, the US Administration’s Working Group on Digital Asset Markets (“Working Group“) published a report, entitled Strengthening American Leadership in Digital Financial Technology (“Report“). The Report contains recommendations for revising existing legislation and IRS guidance regarding trusts engaged in cryptocurrency staking, Code provisions that may deny recognition of gains or losses by active securities traders, and reporting requirements for participants in digital asset transactions and for the exchanges that facilitate such activities.
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