Crypto Reporting Framework Rules Are Under White House Review

Proposed regulations from the Treasury Department on digital asset reporting under the global Crypto-Asset Reporting Framework are under White House regulatory review.

The proposed rules under Section 6045 reached the White House Office of Information and Regulatory Affairs on Friday, according to OIRA’s website.

The framework from the Organization for Economic Cooperation and Development requires reporting of crypto transactions and user information to tax authorities to facilitate exchange of information with other jurisdictions.

Dozens of countries, including the US, have agreed to transpose CARF into their domestic law in order for information exchanges to start in 2027.