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Crypto miners exempt from IRS reporting rules, US Treasury affirms -Breaking

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As the U.S. Treasury Department prepares to remove crypto miners from the tax reporting rules, the United States will be able to give the American cryptocurrency industry a significant legal win.

In a letter to a group of senators on Friday, the U.S. Treasury indicated that it plans to exempt crypto miners, stakers and other market participants from rules that would require crypto brokers to share data on their clients’ transactions with the Internal Revenue Service.