Former CFTC chief: Police regulation of cryptocurrencies 'incorrect'

Golden Financial announced that the U.S. Internal Revenue Service (IRS) has joined a new crypto brokerage program in its "First Guidance Program," which has become one of 193 added capital raising programs. by June 30, 2022. The National Bureau of Financial Services and Services plans to develop a system that specifically describes reporting requirements for cryptocurrency workers and improves the Biden-era timeline for revamping the website. Although the Guidance Plan does not explicitly define specific terms, it appears to refer to the “Virtual Data Disclosure Rule in Section 6045”. According to Cornell Law School, this section of US law deals with "return to work." The IRS has spoken out on the “tax administration” issue and plans to release “Virtual Currency Information” under a different approach from “General Tax Matters”.