Odaily News A group of senators, led by Democratic Senator Elizabeth Warren and independent Senator Elizabeth Warren, is urging U.S. tax officials to bring forward the start date for cryptocurrency brokers and exchanges to report customer transaction information to the government. Proposed regulations released by the IRS and Treasury Department in August would require the companies to begin reporting digital asset sales and transaction data in 2026, two years later than Congress planned when they enacted the legislation in 2021. Warren and others wrote to Treasury Secretary Janet Yellen and Internal Revenue Service Commissioner Daniel Werfel late Tuesday: We are alarmed that the two-year delay in implementation of this rule will cause the United States to miss out on billions of dollars in tax revenue. We urge agencies to implement the final rule as quickly as possible while maintaining the substance of the rule in the face of industry attacks. The Treasury Department said the delay gives brokers more time to adjust to the rules, which have not yet been finalized. Department spokesman Chris Hayden said in an email on Wednesday that the department has been working hard to implement the 2021 law. and proposed regulations, the Treasury will carefully consider all comments received on the regulations. The government says that once the regulations are implemented, they will help individuals file their taxes while also making it easier to combat tax fraud. So far, the National Tax The bureau and the Treasury Department have received more than 90 comments on the plan. The debate is likely to be the centerpiece of a public hearing that the government has scheduled for November 7. (Bloomberg)