The US Internal Revenue Service (IRS) has released its final draft for crypto broker reporting requirements, exempting decentralized exchanges and self-custody wallets. The IRS stated it needs "more time to consider the nuances" of decentralized networks. However, stablecoins and tokenized real-world assets are not exempt and will be treated like other digital assets. IRS Commissioner Danny Werfel emphasized the need to ensure digital assets are not used to hide taxable income. Industry groups have raised concerns about the potential regulatory burdens and compliance costs the new rules could impose.