Block & Order hosts Kyle Lawrence and Moish Peltz dive into the shutdown of Friend.tech, the arrest of Telegram founder Pavel Durov, and an intriguing case of music streaming fraud using AI. They also discuss various SEC actions including charging Plutus Lending (Abra) with unregistered crypto offers and sales as well as OpenSea's market share drop and the SEC's surprising timing for a Wells Notice. It's a rollercoaster of insights and debates you won't want to miss!

Tune in for the latest news in blockchain, web3, and crypto!

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.

Today we're diving into the intricate world of cryptocurrency tax with our guest, tax expert Matthew Foreman, Partner and co-chair of Falcon Rappaport & Berkman's Taxation Practice Group. We explore challenges and solutions for handling large volumes of crypto transactions, emphasizing the importance of accurate record-keeping to avoid IRS scrutiny. Our conversation covers the intricacies of wash trading and its implications in the crypto market, the tax treatment of crypto as property, and the pressing need for comprehensive regulation from Congress. We also discuss the logistical challenges of tracking numerous trades and the potential impact of new legislation on the crypto space.

Together, we’ll delve into real-world tax implications on cryptocurrency regulation. Like and subscribe to stay informed about the latest in web3 and crypto tax compliance!

Matt is the host of Falcon Rappaport & Berkman's podcast How Tax Works, where he unravels the complexities of tax law. Learn more:
https://frblaw.com/podcast-category/how-tax-works/

Follow our guest:
https://x.com/ForemanTaxLaw
https://x.com/HowTaxWorks

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.

This week, Block and Order hosts Kyle Lawrence and Moish Peltz were joined by special guests Jonathan Mann and Brian Frye to discuss suing the SEC and the SEC's expanding role in regulating the NFT and art markets. We also cover Celsius clawbacks, Binance's Proof-of-KYC token, Elon Musk's humanoid robots, the recent tech outage caused by CrowdStrike, and more. Plus, catch key insights from Bitcoin Nashville 2024!

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.