🚀 Coin Center Announces Leadership Changes
#CoinCenter #LeadershipChanges #Crypto #Bitcoin #DigitalAssets #Lawsuit #TaxCode #TreasuryDepartment #IRS #TornadoCash #Regulation #Policy #ExecutiveDirector
According to Blockworks, crypto think tank Coin Center is undergoing significant changes in its senior leadership. Executive Director Jerry Brito and Senior Policy Counsel Robin Weisman will step down from their roles at the end of the year. Both Brito and Weisman have been with Coin Center since its inception in 2014 and will continue to serve on the board of directors. Peter Van Valkenburgh, currently the Director of Research, will assume the role of Executive Director starting January 1. Landon Zinda, who is currently Policy Counsel, will become the Policy Director.
Brito expressed pride in the accomplishments of Coin Center over the past decade. He noted that when Coin Center started in 2014, there was uncertainty about whether governments would allow Bitcoin to flourish. Despite the technical resilience of Bitcoin and other cryptocurrencies, there were significant short-term challenges and potential harms that needed to be addressed.
The leadership changes come shortly after Coin Center won an appeal to re-open its 2022 lawsuit against the Treasury Department and Internal Revenue Service. The lawsuit challenges an amendment to the US tax code that includes digital assets in the definition of cash, requiring reporting of transactions exceeding $10,000. Initially dismissed, the appeals court found in August that some of Coin Center’s arguments have legal merit.
Coin Center has also been active in other legal battles, including filing amicus briefs in support of Tornado Cash and its founder in a lawsuit against the US government. This followed Coin Center’s own lawsuit against the Treasury’s Office of Foreign Assets Control after the US sanctioned Tornado Cash. The court ruled in favor of the US government in 2023, allowing the agency to add Tornado Cash to its list of sanctioned entities.
Weisman expressed her gratitude for the opportunity to build Coin Center in a post on X, reflecting on her tenure at the organization.#CoinCenter #LeadershipChanges #Crypto #Bitcoin #DigitalAssets #Lawsuit #TaxCode #TreasuryDepartment #IRS #TornadoCash #Regulation #Policy #ExecutiveDirector
🚀 Vitalik Buterin Donates 320 ETH to Coin Center
#VitalikButerin #CoinCenter #ETHDonation #Cryptocurrency #Blockchain #RegulatorySupport #DigitalCurrencies #CryptoAdvocacy #Ethereum
According to BlockBeats, Ethereum co-founder Vitalik Buterin has made a significant donation to the cryptocurrency think tank Coin Center. On November 27, on-chain data revealed that Buterin transferred 320 ETH, valued at approximately $1.06 million, to the organization just 26 minutes prior to the report. This donation underscores Buterin's ongoing support for initiatives that advocate for the cryptocurrency industry and its regulatory environment.
Coin Center is known for its efforts in promoting a better understanding of blockchain technology and advocating for sensible regulatory approaches. The donation from Buterin is expected to bolster the organization's resources, enabling it to continue its work in educating policymakers and the public about the potential benefits and challenges of cryptocurrencies. This contribution highlights the importance of collaboration between industry leaders and advocacy groups in shaping the future of digital currencies.#VitalikButerin #CoinCenter #ETHDonation #Cryptocurrency #Blockchain #RegulatorySupport #DigitalCurrencies #CryptoAdvocacy #Ethereum
🚀 Landon Zinda Joins SEC Cryptocurrency Task Force
#LandonZinda #SEC #Cryptocurrency #TaskForce #CoinCenter #PolicyDirector #MarkUyeda #HesterPeirce #LegalAdvisor
According to Odaily, Landon Zinda has resigned from his position as Policy Director at the cryptocurrency advocacy organization Coin Center to join the U.S. Securities and Exchange Commission's (SEC) cryptocurrency task force. On February 4, Acting SEC Chairman Mark Uyeda announced that Zinda has become his legal advisor and senior advisor for the cryptocurrency task force. The former Coin Center director will work alongside Chief of Staff Richard Gabbert and Chief Policy Advisor Taylor Asher in the task force led by Commissioner Hester Peirce.#LandonZinda #SEC #Cryptocurrency #TaskForce #CoinCenter #PolicyDirector #MarkUyeda #HesterPeirce #LegalAdvisor
🚀 Crypto News: US Senate Finance Committee to Hold Hearing on Crypto Taxation Next Week
#CryptoTax #USSenateFinanceCommittee #Taxation #DigitalAssets #CryptoTaxation #Miners #Stakers #DoubleTaxation #WhiteHouse #IRS #Treasury #CoinCenter #Coinbase #AnnetteNellen #AndreaKramer #AICPA #DigitalAssetsTaxTaskForce #ASKramer #Stablecoins #Airdrops #Mining #StakingRewards #CryptoRegulation #CryptoPolicy
Key Takeaways:The US Senate Finance Committee will hold a hearing on crypto taxation next Wednesday.Witnesses include Coinbase VP of Tax Lawrence Zlatkin, Coin Center’s Jason Somensatto, and other tax experts.The session follows the White House’s July report, which called for clearer digital asset tax rules.Senator Cynthia Lummis continues to push against what she calls “unfair double taxation” for miners and stakers.The US Senate Finance Committee will meet next week to examine how digital assets should be taxed, aligning with the White House’s recent push for updated crypto regulations.The hearing, scheduled for Wednesday, will be chaired by Senator Mike Crapo. Testifying before the panel are Lawrence Zlatkin, Coinbase’s vice president of tax, and Jason Somensatto, policy director at Coin Center, alongside other tax specialists.The committee will also hear from Annette Nellen, chair of the Digital Assets Tax Task Force at the American Institute of CPAs, and Andrea S. Kramer, a founding member of ASKramer Law with expertise in crypto tax issues.White House Calls for Tailored Crypto Tax GuidanceThe July White House Digital Asset Working Group report urged Congress to recognize digital assets as a new asset class and to create tailored tax rules. If lawmakers fail to act, the report recommends that the Treasury Department and IRS issue guidance on areas like stablecoin payments, airdrops, mining, and staking rewards.Currently, the IRS treats crypto and NFTs as property, meaning each transaction can trigger a taxable event if it results in a profit.Lummis Pushes to End Double Taxation of MinersSenator Cynthia Lummis has raised concerns over what she calls “unfair tax treatment” of miners and stakers, who face taxes both when they receive block rewards and when they later sell them.“It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower,” Lummis said in June.While Lummis attempted to insert a fix into Trump’s July budget reconciliation bill, the provision did not make it into the final legislation.#CryptoTax #USSenateFinanceCommittee #Taxation #DigitalAssets #CryptoTaxation #Miners #Stakers #DoubleTaxation #WhiteHouse #IRS #Treasury #CoinCenter #Coinbase #AnnetteNellen #AndreaKramer #AICPA #DigitalAssetsTaxTaskForce #ASKramer #Stablecoins #Airdrops #Mining #StakingRewards #CryptoRegulation #CryptoPolicy
🚀 SEC Commissioner Hester Peirce Urges Continued Blockchain Advocacy
#SEC #HesterPeirce #blockchain #cryptocurrency #blockchainadvocacy #CoinCenter #ForesightNews
According to Foresight News, SEC Commissioner Hester Peirce expressed regret at a Coin Center dinner for not convincing her government colleagues sooner about the value of cryptocurrency and blockchain technology. She encouraged attendees to persist in their efforts to advance the industry.#SEC #HesterPeirce #blockchain #cryptocurrency #blockchainadvocacy #CoinCenter #ForesightNews
🚀 Coin Center Advocates for SEC Rulemaking Over No-Action Letters
#CoinCenter #SEC #rulemaking #cryptocurrency #noactionletters #regulation #oversight #crypto
Coin Center has called on the U.S. Securities and Exchange Commission (SEC) to prioritize formal rulemaking in the cryptocurrency sector. According to NS3.AI, the advocacy group expressed concerns in a letter dated March 5, arguing that the current reliance on no-action letters leads to fragmented oversight. Coin Center highlighted that this approach tends to benefit projects and intermediaries with more resources, potentially creating an uneven playing field in the industry. The organization emphasized the need for a more structured regulatory framework to ensure fair and consistent oversight across the crypto market.#CoinCenter #SEC #rulemaking #cryptocurrency #noactionletters #regulation #oversight #crypto
🚀 Coin Center Criticizes U.S. Government's Approach to Crypto Privacy Software Developers
#CoinCenter #USgovernment #CryptoPrivacy #SoftwareDevelopers #TrumpAdministration #Ethereum #RomanStorm #DepartmentOfJustice #PrivacyTechnologies #Cryptocurrency #ETH
Coin Center has expressed concerns over the U.S. government's handling of crypto privacy software developers, stating that the Trump administration has not fulfilled its promise to refrain from prosecuting these individuals. According to NS3.AI, the U.S. Department of Justice continues to pursue several cases, including the partial conviction of Ethereum developer Roman Storm. Coin Center argues that these actions contradict earlier assurances and could have broader implications for the development and use of privacy-focused technologies in the cryptocurrency sector.#CoinCenter #USgovernment #CryptoPrivacy #SoftwareDevelopers #TrumpAdministration #Ethereum #RomanStorm #DepartmentOfJustice #PrivacyTechnologies #Cryptocurrency #ETH
🚀 Coin Center Criticizes Congressional Inaction on CLARITY Bill
#CoinCenter #CLARITYBill #Congress #PrivacyTools #Regulation #SEC #Treasury #FinCEN #DecentralizedNetworks #CryptocurrencyLaw
Coin Center Executive Director Peter Van Valkenburgh expressed concern over the lack of progress in Congress regarding the CLARITY bill, seven weeks after Treasury Secretary Scott Bessent's testimony. According to NS3.AI, Van Valkenburgh warned that without the passage of CLARITY, the Department of Justice could continue prosecuting developers of privacy tools under 18 U.S.C. § 1960. Additionally, he noted that the SEC, Treasury, and FinCEN might increase regulatory scrutiny on decentralized networks.#CoinCenter #CLARITYBill #Congress #PrivacyTools #Regulation #SEC #Treasury #FinCEN #DecentralizedNetworks #CryptocurrencyLaw