Crypto Tax Guide USA

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.

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Without accurate cost basis information, your crypto tax calculations will be incorrect, which could cost you thousands in overpayment.

Jack Dorsey's company Block, long associated with a strong Bitcoin-first philosophy, has acknowledged the growing role of stablecoins in the payments landscape. The shift reflects a broader realignment across the crypto and fintech industry, as stablecoins become increasingly difficult to ignore for businesses operating in digital payments.

US lawmakers are pushing to permanently ban the creation of a central bank digital currency, and the debate is drawing significant attention from across the crypto and financial world. Here is what is happening and why it matters.

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Cryptocurrency adoption in Latin America grew three times faster than in the United States in 2025, according to a new report. The findings highlight a region that is increasingly becoming one of the most dynamic crypto markets in the world, driven by a unique combination of economic pressures, payment needs, and a young, digitally connected population.

Summ now supports Kalshi, MegaETH, CoinRabbit, and WhiteBIT. Import your prediction market trades, Layer 2 transactions, lending activity, and exchange data for complete tax reporting.

Prediction markets are platforms where you buy and sell contracts tied to real-world outcomes. Each contract pays $1 if the event happens, $0 if it doesn't. The price at any point reflects what the market thinks the odds are.

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