The IRS is introducing new regulations that would track every digital transaction, including your morning coffee. This isn’t just limited to crypto; it encompasses NFTs, stablecoins, and your digital privacy.
Here’s the crucial point: The IRS anticipates a substantial surge of at least 8 BILLION crypto returns. To put this into perspective, in 2022, the IRS processed 5.45 billion total returns.
Act Fast — the comment period to voice your opposition to the IRS is closing this Monday, the 13th. Take action now to safeguard your digital rights.
I am unsure whether anyone who is not a US citizen cares two hoots about “what the IRS is going to do”. Where do they get off ruling the entire planet?
How are they going to accomplish reviewing this insane volume of returns? The recording keeping for crypto is not user-friendly, and unless every crypto holder plans to sign up for a crypto tax service, the 8 billion returns will create a major headache for the IRS.
Last week was an incredible demonstration of the power of crypto voters. In ‘Super Tuesday’ elections across the country, crypto owners and voters made their voices heard across the country, making a loud enough noise that even the traditional media noticed. And Stand With Crypto was there pushing hard for crypto; we hosted a get-out-the-vote rally in Los Angeles with legendary rapper (and crypto enthusiast) Nas.
We don’t agree with all the framing in these pieces, but it’s a testament to the power of your voices that politicians are starting to notice that crypto matters.
On Super Tuesday, where voters in 16 states and 2 territories went to the polls, crypto’s boosters collected their first big wins of the cycle, especially in the contested Democratic field for the open U.S. Senate seat in California.
The PACs also spent more than $1.7 million backing Shomari Figures, a House candidate in Alabama who finished on top of a crowded field of candidates running to represent a redrawn district in the Montgomery area. Figures will advance to a runoff next month against Democratic state Rep. Anthony Daniels.
This is a huge moment for crypto in America – Congress is considering major legislation that would protect consumers and help crypto thrive in America by providing clear rules and guidelines for the growing blockchain industry. We need you to take action NOW –
The bill is called the Financial Innovation and Technology For the 21st Century Act (FIT21), and it contains numerous provisions that would help crypto grow in our country while providing protections for investors and consumers. You can read our one-pager with information about FIT21 here.
Here’s where you come in: members of Congress need to hear from the crypto community about how important this legislation is. Luckily, we make it easy:
With Congress still considering the major pro-crypto Financial Innovation And Technology For The 21st Century Act (FIT21), it’s never been more important to make your voice heard. Click the links below to email or call your member of Congress with our easy tools!
52 million Americans own crypto. And yet, crypto’s future in America remains uncertain. Congress is writing the rules as we speak - but they won’t vote YES until they’ve heard from you.
A new poll funded by the crypto firm Grayscale shows a significant increase in the importance of digital assets to American voters.
Of the likely voters surveyed, 77% said presidential candidates should be informed about innovative technologies like AI and crypto, and 56% said they are more likely to vote for a candidate who acknowledges crypto as a top political issue.
This isn’t the first poll Grayscale has fielded, and over the past year, the number of voters aware of crypto has increased from 47% to 53%. About half of those respondents said they are waiting for crypto regulations to pass before putting money into digital currencies.
Thanks to your tireless efforts and unwavering support, the 119th Congress will be the most pro-crypto Congress in U.S. history.
On Tuesday night, over 280 pro-crypto candidates were elected to the House of Representatives and Senate! Check out our interactive election tracker here to see which states voted pro-crypto and which politicians they elected.
In Ohio, Bernie Moreno was elected to replace incumbent Senator Sherrod Brown, the Senate Banking Committee Chair and a harsh crypto critic. Moreno, a vocal crypto advocate, is poised to be a powerful champion for our cause. He is a regular at crypto conferences across the country and recently vowed to “lead the fight to defend crypto in the US Senate.”
That’s not all – Bitcoin soared to a record-breaking $75,000 as traders bet on the election results and crypto prediction markets proved to be a dependable source for tracking voter sentiment.
This is only the beginning. The crypto community has proven itself as a force to be reckoned with, and the future of digital currency is brighter than ever. Keep up with the Stand With Crypto Alliance as we continue to advocate for American innovation and progress.
