In recent analysis, Fried Frank Partner Jason Schwartz discussed U.S. taxpayers' tax considerations for art NFT investors.
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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.
New York Attorney General Letitia James warned cryptocurrency investors to make sure they are complying with all applicable tax laws associated with their investment in virtual assets.
In a joint letter, financial industry trade associations asked U.S. Senate Majority Leader Senator Charles E. Schumer and Minority Leader Senator Mitch McConnell not to include proposed legislation titled the Modernization of Derivatives Tax Act of 2021 in any budget reconciliation process.
In a letter addressed to Senate Committee on Finance Chair Ron Wyden and ranking member Michael Crapo, the Security Traders Association highlighted the negative impact proposed legislation on derivatives would have on investors.