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U.S. Senators Urge Treasury and IRS to Close Crypto Currency Tax Loopholes

08 August 2023

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Proposed Changes

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United States

U.S. Senator Elizabeth Warren (D-MA) has announced that she, together with Senators Bob Casey (D-PA), Richard Blumenthal (D-CT.), and Bernie Sanders (I-VT), have sent a letter to the Treasury Department and the IRS urging them to propose and implement rules to close loopholes exploited by crypto tax evaders. --- Warren, Casey, Blumenthal, Sanders Call on Treasury, IRS to Rein in Crypto Tax Evaders, Close $50 Billion Crypto Tax Gap "We urge you to act swiftly to implement strong tax reporting rules for cryptocurrency brokers" Text of Letter (PDF) Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Bob Casey (D-Pa.), Richard...