Tag Archives: cryptocurrency

Florida Bitcoin Case Challenges Big Tech’s Desire to Stay Deregulated

Rayaan Hossain – Decentralized, digital commodities have transformed our understanding of the monetary system. Bitcoin’s allure comes not only from its novelty (and sometimes anarchy) but also from its perceived anonymity. That anonymity extends to Bitcoin’s creator—Satoshi Nakamoto. Although general consensus held that Satoshi Nakamoto was only a pen name, many people have claimed to […]

The Infrastructure Bill’s Hidden Effect on Cryptocurrency

Oliver Ray Duke – One of the Biden Administration’s key agenda items is H.R. 3684, otherwise known as the “Infrastructure Investment and Jobs Act” (the “Infrastructure Bill”). According to President Biden’s Statement of Administrative Policy, the Infrastructure Bill seeks to rebuild deteriorating infrastructure, reduce greenhouse gas emissions, and invest in underserved communities among other legislative priorities. […]

Are Cryptocurrencies Currency? Why The Answer Matters For Corporate Tax Purposes

Lauren Assayag – This July, Tesla announced it will likely accept Bitcoin as payment again. If you purchase a Tesla using a cryptocurrency, like Bitcoin, would Tesla recognize the receipt of an asset and record ordinary business income?  How would you account for your purchase of the Tesla in exchange for Bitcoin?  Would different tax and […]