The U.S. Treasury Department has proposed new guidelines suggesting that crypto brokers be treated similarly to traditional investment brokers. The rules require crypto brokers and exchanges to report specific crypto sales, including Bitcoin and non-fungible tokens. The initiative aims to bridge the tax gap and ensure fair play. The Treasury Department and the Internal Revenue Service rolled out these proposed regulations in line with the Infrastructure Investment and Jobs Act of 2021. If adopted, brokers would start reporting details on digital asset sales and exchanges by 2025, potentially yielding around $28 billion over the next decade.