Industry insiders critical of new US crypto tax reporting obligations

Coin Center warns about surveillance and privacy issues stemming from amendments that require the reporting of crypto transactions of $10,000 or more to the IRS.

US brokers and those operating in course of their trade or business are now required to report crypto transactions worth of $10,000 to the Internal Revenue Service (IRS), in line with a provision amending the Tax Code of the Infrastructure Investment and Jobs Act that came into force on January 1.

The

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in