Cryptoladdess (cryptoladdess)

You'll want to know that congress has overturned the IRS's broker reporting rules for decentralized finance platforms. I have compiled what you need to know: 1. Congress has overturned the Internal Revenue Service's (IRS) broker reporting rules for decentralized finance platforms through the passage of H.J. Res. 25. This resolution, enacted under the Congressional Review Act (CRA), nullifies the IRS's previous attempt to impose traditional financial reporting requirements on some participants in Defi. 2. The now defunct regulations, outlined in Treasury Decision (T.D.) 10021, would have birthed compliance obligations for DeFi platforms by classifying them as financial brokers. Under these rules, the platforms would have been required to file Form 1099-DA for user transactions and report customer information to the IRS. The regulations targeted services facilitating digital asset trades but exempted validators and non-custodial wallet providers. What's the effect?

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I talk about data security and privacy in this article: https://oluwatosinsunmola.substack.com/p/why-distinguishing-between-data-security Data is now the new currency but its protection is often built on a misunderstanding that exposes companies to immense legal and financial risk. The truth is, you can have the most sophisticated encryption and impenetrable firewalls in the world (excellent data security) and still be in blatant violation of regulations like the GDPR, CCPA, or VCDPA. How? By collecting data without proper consent, using it in ways not stated in your privacy notice, or failing to honor a user’s right to be forgotten. These are data privacy failures, and regulators are increasingly levying monumental fines for them.

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I’ve been sick for a long time. Just got discharged. I’ll be back soon 🫠

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You'll want to know that congress has overturned the IRS's broker reporting rules for decentralized finance platforms. I have compiled what you need to know: 1. Congress has overturned the Internal Revenue Service's (IRS) broker reporting rules for decentralized finance platforms through the passage of H.J. Res. 25. This resolution, enacted under the Congressional Review Act (CRA), nullifies the IRS's previous attempt to impose traditional financial reporting requirements on some participants in Defi. 2. The now defunct regulations, outlined in Treasury Decision (T.D.) 10021, would have birthed compliance obligations for DeFi platforms by classifying them as financial brokers. Under these rules, the platforms would have been required to file Form 1099-DA for user transactions and report customer information to the IRS. The regulations targeted services facilitating digital asset trades but exempted validators and non-custodial wallet providers. What's the effect?

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So you’ve been hearing about the STABLE Act of 2025 and how it could change crypto forever. Here’s what you need to know: 🧵 1. What is the STABLE Act? It’s a new U.S. bill to regulate payment stablecoins like USDC, USDT. The goal is to protect consumers and prevent another collapse. But it comes with a lot of rules for issuers. 2. Who can issue stablecoins now? Only approved banks, credit unions, or specially licensed non-bank entities can issue stable coins with this bill. Stablecoin issuers must meet strict reserve, transparency, and auditing standards.

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Found this guy analysis very interesting. He’s legal briefs on YouTube. Wanna have as much insight as he does

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I am currently watching YouTube on Crypto law cases. Specifically the case of Ripple v SEC and how it was settled. I’m trying to get as much information on crypto law with the hope of getting an internship to further my knowledge.

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