{"id":6672,"date":"2025-01-18T10:37:00","date_gmt":"2025-01-18T02:37:00","guid":{"rendered":"http:\/\/www.tocoin.com\/?p=6672"},"modified":"2025-01-18T22:40:06","modified_gmt":"2025-01-18T14:40:06","slug":"texas-senator-plans-to-challenge-irs-on-crypto-tax-regulations","status":"publish","type":"post","link":"http:\/\/tocoin.com\/index.php\/2025\/01\/18\/10\/37\/00\/6672\/","title":{"rendered":"Texas Senator Plans to Challenge IRS on Crypto Tax Regulations"},"content":{"rendered":"\n<p>Republican Senator Ted Cruz from Texas plans to use the Congressional Review Act (CRA) next week to challenge a tax regulation that infringes on the rights of cryptocurrency brokers. This move is not only seen as a procedural strategy, but also as a principled stance against government power expanding into the realm of free enterprise and technological innovation.<\/p>\n\n\n\n<p>The regulation has been strongly criticized by the cryptocurrency industry, who condemn the arbitrary expansion of the term &#8220;broker.&#8221; This overreach distorts the decentralized nature of these platforms, stifles innovation, and punishes those who dare to challenge traditional systems. In December, three advocacy groups filed a lawsuit against the regulation, exposing its heavy compliance burden.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republican Senator Ted Cruz from Texas plans to use the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"_links":{"self":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/6672"}],"collection":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/comments?post=6672"}],"version-history":[{"count":1,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/6672\/revisions"}],"predecessor-version":[{"id":6681,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/6672\/revisions\/6681"}],"wp:attachment":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/media?parent=6672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/categories?post=6672"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/tags?post=6672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}