The Morning After: The US Treasury finalizes tax rules for crypto

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US Treasury Department News

Lego

Mat Smith heads up Engadget’s daily newsletter from London, UK. He has worked at Engadget for over a decade and has covered console gaming, flagship smartphones, the Apple Watch and fitness tech that promises to make him faster or stronger. He’s currently learning how to backflip.

Welcome to the first day of July. Summer is here in earnest, but let me keep you, briefly, indoors with tales of finalized rules for crypto in the US, and how Lego is making bricks from stardust.

A new rule finalized by the US Treasury Department will ensure that people that dipped their toes into crypto are paying the proper amount on their sales. The new rule will require cryptocurrency platforms like exchanges and payment processors to report their users' transactions to the IRS. Brokers will have to start reporting sales proceeds on digital assets in 2026 for all transactions accomplished in 2025, which means crypto traders are still on their own for now.

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