Yiyan Cao Yiyan Cao

From Terraform Labs to TUSD: Constraints and Transformations Brought by the U.S. “GENIUS Act”

Using Singapore-based Terraform Labs and the BVI/Hong Kong/Cayman/Dubai TUSD structure as examples, this article evaluates the compliance difficulties of issuing stablecoins in under-regulated jurisdictions and explains how the GENIUS Act’s model of licensed issuers, high-quality reserves, and transparent disclosure will redefine U.S. and global stablecoin listing credentials.

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Yiyan Cao Yiyan Cao

Proposed Regulations on Foreign Trusts and Foreign Gifts

Proposed treasury regulations on foreign trusts and large foreign gifts were released in May 2024, indicating major development in expanding data collection on foreign trusts and receipt of large foreign gifts through Form 3520 and Form 3520A. Certain changes are beneficial to taxpayers, while others might increase compliance burden.

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Yiyan Cao Yiyan Cao

What Does a Tax Attorney Do?

Taxation laws and regulations are constantly changing. Tax attorneys help you navigate these changes to increase cash flow and preserve wealth.

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