A federal court in the District of Massachusetts authorized the IRS to serve a "John Doe" summons on a Boston-based "digital currency exchanger" seeking information about as yet unidentified U.S. taxpayers who, from 2016 to 2020, conducted at least $20,000 in cryptocurrency transactions.
News & Insights
The Treasury Department Office of Financial Research, SEC staff and Federal Reserve Board staff updated the Financial Stability Oversight Council on pandemic and climate-related risks to the financial system.
The North American Securities Administrators Association cautioned investors against "making emotional decisions" in response to social media campaigns that may negatively affect their investment strategies.
The SEC Division of Corporation Finance staff issued guidance on accounting, financial reporting and governance issues that private operating companies should consider prior to undertaking a "business combination" with a special purpose acquisition company.
CFTC Commissioner Dan M. Berkovitz urged the CFTC to revisit exemptions from certain registration and compliance regulations that were extended to family offices.