Congress requests crypto tax guidance from the IRS

On Wednesday, members of the Senate Committee on Finance and House Committee on Ways and Means issued a letter to the IRS requesting their current digital currency strategy as well as any existing policies and procedures. In addition, the letter questioned the IRS' reasoning behind the December 6, 2016 summons to Coinbase which required the records of all American Coinbase customers who conducted transactions in digital currency.

(Source: Axios)