US Treasury Officially Scraps Crypto Broker Reporting Rules After Congressional Vote

US Treasury Officially Scraps Crypto Broker Reporting Rules After Congressional Vote

US Treasury Removes Crypto Broker Reporting Rules

The US Treasury is officially removing crypto banker reporting rules, according to a Bloomberg report released on Thursday.

U.S. Treasury Department Officially Revokes Controversial Crypto Broker Reporting Rule After Republican Lawmakers Vote It Down - The Daily Hodl

The Department of the Treasury is formally taking down a new rule that expanded the definition of a broker under the U.S. Tax Code.

Fact Sheet: CLARITY Act Worse than Last Year's FIT 21 Crypto Deregulation - Americans for Financial Reform

The CLARITY Act outpaces many of FIT 21’s substantial deregulatory flaws. It has more exemptions and even less oversight, allowing crypto scams and illicit finance to proliferate and pose greater risks to consumers and the financial system than FIT 21. The post Fact Sheet: CLARITY Act Worse than Last Year’s FIT 21 Crypto Deregulation appeared first on Americans for Financial Reform.

IRS and US Treasury Officially Repeal Controversial Crypto Broker Tax Rule - Invest In Crypto News

The U.S. Treasury Department and IRS have officially tossed out a controversial rule that would’ve forced non-custodial crypto service providers to report customer transactions—bringing an end to a lengthy regulatory standoff. Controversial Crypto Reporting Requirement Officially Nullified Finalized in December 2024, the rule sought to widen broker reporting under Section 6045 of the tax code […] Source link The post IRS and US Treasury Official…

Treasury Department, IRS remove controversial ‘crypto broker’ tax rule requiring non-custodial service providers to file customer transaction info – MAXBIT

The official repeal ends the years-long saga surrounding the tax update proposal, which aimed to improve financial transparency but sparked privacy concerns. Source link