US Treasury And IRS Propose Regulations On Bitcoin & Crypto Transactions By Brokers

Today, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) have jointly announced a set of proposed regulations focusing on the sale and exchange of digital assets by brokers. The is part of the broader strategy set forth by the Biden-Harris Administration's bipartisan Infrastructure Investment and Jobs Act (IIJA), in attempt "to close the tax gap, address…