To amend the Internal Revenue Code of 1986 to clarify the definition of a broker, and for other purposes.
Cryptocurrency Tax Reform Act
This bill modifies the definition of broker for tax reporting purposes to include any person who (for consideration) effectuates transfers of digital assets on behalf of another person. It also treats digital assets (i.e., a digital representation of value that is recorded on a cryptographically secured distributed ledger) as specified securities for reporting purposes.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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