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U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges

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.

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 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)