Texas Senator Ted Cruz Challenges IRS Tax Rule on Crypto
Texas Senator Ted Cruz is preparing to challenge the IRS and their recent tax rules on crypto income reporting by utilizing the Congressional Review Act (CRA). The IRS’ reporting rule requires full reporting of income generated from cryptos and expands the “broker’ definition, which, according to critics, doesn’t reflect the true nature of decentralization. Cryptocurrency … Texas Senator Ted Cruz Challenges IRS Tax Rule on Crypto