Cryptocurrency Prices And News: Treasury Department Proposes New Crypto Tax Rules
Cryptocurrency News: Cryptocurrency prices traded lower Friday. Bitcoin and ethereum were essentially flat on the week and continue to trade near two-month lows. The Treasury Department proposed new cryptocurrency tax rules on Friday, the Wall Street Journal Reported. Starting in 2026, crypto exchanges will submit annual reports on 1099 forms to the IRS and taxpayers showing gross proceeds from transactions. In 2027, the companies will be required to report how much customers paid for digital assets, or their cost basis.
