Infrastructure Bill

The U.S. Treasury Department unveiled its definition of a "broker" for crypto tax reporting purposes in response to a controversial provision in the 2021 Infrastructure Investment and Jobs Act. (Nikhilesh De/CoinDesk)

The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.

Aug 25, 2023 at 12:45 p.m. UTC

Aug 25, 2023

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Rep. Patrick McHenry (Shutterstock/CoinDesk)

Policy

Regulations

Incoming House Financial Services Committee Chair Asks Secretary Yellen to Delay Crypto Tax Provision

Rep. Patrick McHenry. who chairs the committee in January, expressed his concerns in a letter to Treasury Secretary Janet Yellen.

By Nikhilesh De

Dec 15, 2022 at 9:54 p.m. UTC

Dec 15, 2022

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U.S. Senators Pat Toomey (left) and Cynthia Lummis (Kevin Dietsch/Getty Images)

Policy

Regulations

US Lawmakers Move to Clarify Definition of 'Brokers' in 2021 Infrastructure Law

The bill would exclude miners, stakers and other parties who may not have the tax reporting information needed to otherwise comply.

By Nikhilesh De

Aug 3, 2022 at 5:42 p.m. UTC

Aug 3, 2022

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Podcasts

Money reimagined

Regulation and the Evolution of Money, With Senator Pat Toomey

As the crypto ecosystem develops and evolves, regulation follows a few steps behind.

By Michael J. Casey Sheila Warren

Mar 11, 2022 at 4:49 p.m. UTC

Mar 11, 2022

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Policy

Treasury department

US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules

A letter from a Treasury official addresses crypto industry concerns about access to customer information.

By Nelson Wang Nikhilesh De

Feb 11, 2022 at 10:29 p.m. UTC

Feb 11, 2022

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Unconstitutional Crypto Surveillance Tucked Inside Biden's Infrastructure Bill?

Video

Cdtv

Unconstitutional Crypto Surveillance Tucked Inside Biden’s Infrastructure Bill?

In November, U.S. President Joe Biden signed into law the infrastructure bill that includes a controversial provision broadening the tax code’s definition of “broker.” Yet, cr...

By CoinDesk Staff

Jan 28, 2022 at 4:13 a.m. UTC

Jan 28, 2022

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Policy

Infrastructure bill

US Lawmakers Challenge Infrastructure Bill's Definition of 'Broker'

The representatives propose following a definition which avoids placing "unworkable customer reporting obligations" on parties who do not, in fact, have customers, such as cry...

By Jamie Crawley

Jan 27, 2022 at 4:39 p.m. UTC

Jan 27, 2022

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Video

Regulation

2021: The Year of Crypto Policy and Regulations

From the U.S. infrastructure bill to multiple Capitol Hill hearings on stablecoins, from Turkey banning crypto transactions to China banning crypto mining to India dabbling wi...

By CoinDesk Staff

Dec 28, 2021 at 7:51 p.m. UTC

Dec 28, 2021