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David. said...

Allyson Versprille's Treasury Signals Crypto Miners Won’t Face IRS Reporting Rule reports that:

"Treasury Assistant Secretary for Legislative Affairs Jonathan Davidson said the department’s view is that “ancillary parties who cannot get access to information that is useful to the IRS are not intended to be captured by the reporting requirements for brokers.” That language signals that people who use mining or staking to validate crypto transactions, as well as software and hardware providers, will be able to avoid the demands."

Note that this applies to miners, not the pools. But the pools are likely outside US jurisdiction.

Feb 13, 2022, 3:01:11 PM

Posted to EE380 Talk