Digital asset brokers must now tell the US Treasury who sold what

Brokers who handle digital asset sales must now report those transactions to the US Treasury. This means the government will know about many more digital asset transactions, making it harder to avoid taxes on profits.

This rule closes a long-standing information gap for the US tax authority. Before, it was difficult for the Internal Revenue Service to track gains from digital asset sales, relying mostly on voluntary reporting. Now, a specific class of financial intermediaries must provide that data, making tax evasion much harder.