US Treasury finalizes new crypto tax reporting rules . 
A regulation requiring cryptocurrency brokers—including exchanges and payment processors—to furnish the Internal Revenue Service with updated data regarding users' exchanges and transactions involving digital assets was completed by the US Treasury Department on Friday. The new regulations, which are a result of the bipartisan $1 trillion 2021 Infrastructure Investment and Jobs Act, aim to punish bitcoin owners who might not be paying their taxes. The new regulations were expected to produce over $28 billion over the course of ten years at the time the measure was passed.According to the Treasury, the rule will harmonize cryptocurrency tax requirements with current tax reporting regulations for brokers of other financial assets, including as bonds and equities. It will be phased in starting next year for the 2026 tax filing season.