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releases: https://carey.house.gov/2024/12/09/icymi-carey-leads-effort-to-reject-expansion-of-irs-overreach-on-digital-assets/

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Data license: MIT · Data source: dwillis/congress-press

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url title date year month party chamber state member_name bioguide_id domain scraper source date_source text has_text collected_at updated_at
https://carey.house.gov/2024/12/09/icymi-carey-leads-effort-to-reject-expansion-of-irs-overreach-on-digital-assets/ ICYMI: Carey Leads Effort to Reject Expansion of IRS Overreach on Digital Assets 2024-12-09 2024 2024-12 Republican House OH Mike Carey C001126 carey.house.gov carey https://carey.house.gov/press-releases/ scraper Washington, D.C. – Representative Mike Carey (OH-15) sent a letter to Secretary of the Treasury Janet Yellen and Internal Revenue Service Commissioner Danny Werfel expressing his opposition to the IRS’s controversial expansion of the Digital Assets Sale and Exchanges Rule, also known as the “Broker Rule.” In the Infrastructure Investment and Jobs Act, Congress directed the IRS to establish a clear and fair reporting regime for digital asset intermediaries which provide broker-equivalent services. This June, the IRS finalized the Broker Rule for digital asset intermediaries, fulfilling its directive. However, recent reports from the Department of Treasury’s Office of Tax Policy indicate that the IRS intends to expand the scope of the rule to apply to self-custodial wallet providers and software developers. Carey, a member of the House Ways and Means Committee, emphasized that it was “inappropriate to impose consumer and technology regulatory policy through the tax code” and argued that by expanding the scope of the final Broker Rule, the IRS would be exceeding its statutory authority while impairing its ability to process tax returns in a timely manner. Read the full letter here. 1 2026-03-30T01:40:41Z 2026-04-07T22:13:55Z
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