After delays, federal crypto guidance is progressing. Agencies should prepare for changes now

September 01, 2023

and Kirsten Gillibrand (D-N.Y.) reintroduced legislation to create a comprehensive regulatory framework for crypto assets the following day. The IRS has seized some $10 billion in crypto assets since it began investigating digital asset crimes a few years ago. Digital asset data is digitally-native, meaning receipt or ingestion of that data will come through some cloud-based service or API connection. Digital asset data itself, and the innovation of modern solutions, will also generate cybersecurity issues that need to be considered. In any case, the time to start thinking about digital asset data integration is now, before legislation is passed.

The source of this news is from TaxBit