Proposed Crypto Broker Rules Garner 13,000 Comments to IRS (1)

The IRS and Treasury Department have been inundated by a flood of more than 13,000 comments on proposed digital asset broker reporting requirements rules, with still weeks left before the comment window shuts.

Julie Foerster, project director of the IRS Digital Assets Initiative, disclosed the staggering total at the Council for Electronic Revenue Communication Advancement conference Wednesday.

Government website regulations.gov still was catching up and surpassed 10,000 comments as of Thursday morning—up by more than 1,000 from the day before.

The IRS doesn’t expect the number of comments to delay when the final rules will come out, said Bryan Stiernagle, ...