Team Summ

Vienna-based crypto broker Bitpanda is plotting an ambitious global expansion, and its strategy stands out from the typical crypto playbook. Rather than competing directly with established local exchanges in new markets, Bitpanda is focusing on partnering with banks and financial institutions, while using tokenization as a key tool to broaden its product offering.

The Securities and Exchange Commission and the Commodity Futures Trading Commission have signed a memorandum of understanding, marking a significant step toward coordinated oversight of the cryptocurrency market. The agreement formalizes cooperation between the two agencies, with implications for how digital assets are classified, monitored, and enforced across the US financial system.

Fidelity Investments has submitted a letter to the SEC's crypto task force urging the regulator to move faster on clarifying the rules around broker-dealer involvement in cryptocurrency. The communication signals growing impatience among major institutional players with the pace of regulatory development, and highlights several specific areas where Fidelity believes clearer guidance is urgently needed.

A step-by-step guide to transferring your crypto Form 1099-DA data to IRS Form 8949, including how to handle missing cost basis, choose the right checkboxes, and avoid common mistakes.

Swapping one crypto for another is a taxable event, and you will need to work out the USD value of your capital gain or loss to report on your taxes.