New rules mandating firms to report digital asset transactions of over $100K won't take effect for now, with the IRS wanting to issue specific guidelines first on how they will be enforced.
Responding to Adeyemo, Rep. Tom Emmer accuses the U.S. Treasury of having a savior complex while reiterating his opposition against a CBDC, claiming it would only serve as a "surveillance tool."
As the U.S. untangles digital asset scandals and brings 'crypto' crooks to justice, the Treasury Department is looking to enhance its power to further crack down on illicit activity in the space.
