Early Draft Release of IRS Form 1099-DA: Implications and Feedback Process
Here's the scoop: On April 19, the IRS shared a draft version of a tax form (1099-DA) that is designed to address the reporting requirements... Continue reading
HFSC National Security Subcommittee: Ransomware Hearing
Hearing entitled: Held for Ransom: How Ransomware Endangers Our Financial System On April 16, 2024, the House Financial Services Subcommittee on National Security, Illicit Finance,... Continue reading
Critical Differences in Stablecoin Legislation
Aside from the significant disparity in page length, the two stablecoin bills circulating Congress have critical differences Two major legislative proposals are making waves in... Continue reading
Ransomware and Financial Stability Act of 2024
Introduction On April 11th, Representatives Patrick McHenry (R-NC) and Brittany Pettersen (D-CO) introduced the bipartisan Ransomware and Financial Stability Act of 2024. This bill amends... Continue reading
Accounting Initiative Response to PCAOB Proposed Rule 2400
The Digital Chamber (TDC) has submitted feedback on the Public Company Accounting Oversight Board’s (PCAOB) Proposed Rule 2400, specifically addressing the implications for Proof of... Continue reading
Senate Banking Committee Hearing on Illicit Finance and Cryptocurrency Regulation – Key Insights from Treasury Update
Senate Committee on Banking, Housing and Urban Affairs Hearing entitled: An Update from the Treasury Department: Countering Illicit Finance, Terrorism and Sanctions Evasion. On April... Continue reading
ENFORCE Act Legislative Breakdown
Ensuring Necessary Financial Oversight and Reporting of Cryptocurrency Ecosystems (ENFORCE) Act Introduction On April 8, Senators Thom Tillis (R-NC) and Bill Hagerty (R-TN) released the... Continue reading
Call for Public Comment – Non-Fungible Tokens Education and Emerging Practices
I am pleased to share with you a significant milestone in our ongoing efforts to shape public policy related to Non-Fungible Tokens (NFTs) and the... Continue reading
Introducing Our New Brand – The Digital Chamber (TDC)
What’s in a name? A lot, as we’ve learned over the past decade. We will celebrate 10 years since our founding later this year, and... Continue reading
Unlocking the Blockchain: Exploring Diverse Applications of NFTs
A brief history: In the year 2014, the first NFT, “Quantum,” was minted on to the Namecoin Blockchain by Kevin Mccoy and sold to Anil... Continue reading