Internal Revenue Service

US tax challenges for Bitcoin miners: A call for commodity-style reform
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7 July, 2025

US tax challenges for Bitcoin miners: A call for commodity-style reform

Aligning U.S. Bitcoin’s tax treatment with commodities could help miners scale operations, strengthen balance sheets, and maintain global competitiveness.
This Week in Crypto: Trump’s crypto reserve, a missed opportunity?
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7 March, 2025

This Week in Crypto: Trump’s crypto reserve, a missed opportunity?

The cryptocurrency markets continued their descent this week, with prices across the board falling amidst unmet expectations in the industry.
US progress bill to repeal controversial digital asset tax rule
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3 March, 2025

US progress bill to repeal controversial digital asset tax rule

The IRS regulation intends to include decentralized exchanges and requires brokers to disclose gross proceeds from digital asset sales.
IRS issues new digital asset tax rules; industry groups sue
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2 January, 2025

IRS issues new digital asset tax rules; industry groups sue

The new IRS rules will take effect in 2027, but brokers must begin collecting and reporting the necessary data for...
IRS updated digital asset tax form ditches wallet address, transaction ID requirements
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14 August, 2024

IRS updated digital asset tax form ditches wallet address, transaction ID requirements

Apart from dropping the submission of wallet addresses and transaction IDs, the IRS will no longer require investment time transactions...
US House passes bill combating terrorist, illicit financing via digital assets
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31 July, 2024

US House passes bill combating terrorist, illicit financing via digital assets

If made law, the Financial Technology Protection Act would establish a working group of key government departments, agencies, and experts...