- The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service.
The cryptocurrency industry had waged a comment letter campaign after Treasury proposed the rule last year, arguing that the scope of the proposal's definition of a broker was too broad and that the requirements violated the privacy of crypto owners. Brokers would need to send the forms to both the IRS and digital asset holders to assist with their tax preparation.
Donald Trump may be standing across from Joe Biden during Thursday‘s presidential debate on CNN—but it’ll be Jake Tapper who will be his true enemy.The moderator will likely be the target of repeated jabs from Trump which one network executive who organized previous debates involving the ex-president told the Beast would be impossible for Tapper and his co-moderator Dana Bash to stop.