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Trump's Group Proposes New Tax Rules for Digital Assets

2/2/2026

Summary

Story summary

U.S. President Donald Trump’s Working Group on Digital Asset Markets outlines recommendations that affect tax reporting for digital asset brokers.
It recommends extending wash-sale rules to digital assets.
It emphasizes clarity on reporting transactions under the Crypto-Asset Reporting Framework (CARF).
It notes the IRS lacks authority to require reporting on controlling persons of shell companies.
It covers the tax treatment of payment stablecoins and the complexities of exchange-traded products (ETPs).

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Story summary

U.S. President Donald Trump’s Working Group on Digital Asset Markets outlines recommendations that affect tax reporting for digital asset brokers.
It recommends extending wash-sale rules to digital assets.
It emphasizes clarity on reporting transactions under the Crypto-Asset Reporting Framework (CARF).
It notes the IRS lacks authority to require reporting on controlling persons of shell companies.
It covers the tax treatment of payment stablecoins and the complexities of exchange-traded products (ETPs).