Catenaa, Thursday, November 20, 2025-The White House is reviewing a proposed rule that would give the Internal Revenue Service access to US taxpayers’ digital asset transactions conducted in foreign jurisdictions, part of broader efforts to improve global tax compliance.
The rule, submitted to the Office of Information and Regulatory Affairs, follows recommendations in a July report urging the IRS and Treasury to consider implementing the Crypto-Asset Reporting Framework (CARF), an international standard for digital asset reporting.
CARF requires providers to report certain transactions to regulators, aiming to prevent U.S. taxpayers from moving assets offshore and to support domestic digital asset growth.
The White House report emphasized that U.S. implementation of CARF would not impose new reporting requirements on decentralized finance (DeFi) transactions.
Officials said aligning regulations with CARF could strengthen compliance without placing additional burdens on innovative sectors of the digital asset market.
If finalized, the proposed rule would represent one of the most significant expansions of IRS surveillance into cross-border cryptocurrency activity, potentially impacting US taxpayers with holdings on overseas exchanges.
Observers note that international coordination on digital asset reporting is increasingly shaping global crypto compliance standards.
The proposal is under review at the Office of Information and Regulatory Affairs, which ensures federal regulations align with presidential priorities before they are finalized.
The move signals growing US interest in regulating digital assets while harmonizing with international standards.
