Tuesday April 12, 2022 – Federal Regulators, from most every agency, are looking into regulating all things Crypto. The Biden Administration recently issue an Executive Order – directing them to do do. But, here is the thing about Federal Regulations – they take a VERY long time to implement.
The Crypto industry moves quickly. They don’t have time to wait for the Federal Government to, first educate themselves about the nuances of Crypto, then draft meaningful regulations, get those regulations passed, and finally to apply the regulations.
So, the Crypto industry is taking a State by State approach to get the laws they need enacted.
Attorney Steven A. Leahy reveals this strategy with you on Today’s Tax Talk.