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US House passes stablecoin regulatory framework

Already approved by the Senate and on its way to the president for signature, the GENIUS Act will require stablecoin issuers to undergo a monthly examination of disclosures. Larger issuers also will be subject to an annual audit.

Strong feelings on limiting the use of CPA

AICPA’s Susan Coffey shares feedback on her recent article about employers asking partners and employees to remove “CPA” from their public profiles. The responses confirm this is an issue that some are grappling with.

FROM THIS MONTH'S ISSUE

Cannabis dispensary denied ERC

The Court of Federal Claims held that Sec. 280E, which prohibits deductions and credits for businesses trafficking in controlled substances, applies to the employee retention credit (ERC), including its refundable portion, and denied a cannabis business’s claim for a refundable ERC.