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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.

Looking for Awaken alternatives? Compare the best crypto tax software including Summ, CoinTracker, and more. Features, IRS compliance & DeFi support.

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.