In recent analysis, Fried Frank Partner Jason Schwartz discussed the core DeFi activity staking and the lack of formal guidance on how staking rewards are taxed in the United States.
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The Federal Reserve Board, FDIC and OCC offered a roadmap to clarify the regulation of activities involving crypto-assets.
The CFTC and the DOJ charged the principal of a cryptocurrency escrow company for making false statements to two customers who had given the principal $7 million that their bitcoin would be "safeguarded" by his company.
CFTC Commissioner Christy Goldsmith Romero offered recommendations to the crypto industry on ways to rebuild public trust following the collapse of several crypto exchanges.
In an opening statement before the CFTC Technology Advisory Committee, Commissioner Brian Quintenz identified ongoing topics for consideration and crypto-currency self-regulatory efforts.