Compare with different regulatory event:
The obligation to report crypte transactions to the IRS takes effect on 1 January 2024 for transactions after 1 January 2023. Among many measures in various sectors, section 80603 of the act includes reporting obligations to the Internal Revenue Service (1) for businesses for transactions in digital assets worth over USD 10'000 and (2) for crypto brokers regarding all their transactions. The definition for broker is "any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person." Amendments trying to reduce the breadth of the broker definition did not pass. The definition for digital asset is: "any digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology as specified by the Secretary.’’
Original source