As part of the 2021 Infrastructure and Jobs Act, the United States Congress created a reporting regime for brokers of digital assets. The Treasury Department’s definition of a broker is expansive, but it has numerous exceptions and exemptions built-in. The Treasury Department also released several revenue rulings that provide transitional filing and withholding relief for various types of transactions and brokers.

This presentation will demystify the July 2024 Treasury Department regulatory updates and provide professionals with a strong understanding of the new requirements for digital asset exchanges and other brokers. This course is essential for professionals involved with digital asset exchanges or companies that may be classified as brokers.

Learning Objectives:

• Evaluate the current U.S. Treasury Department definition of a broker of digital assets


• Identify revenue rulings that provide transitional filing and withholding relief for various transactions and brokers


• List new requirements for digital assets and brokers from U.S. Treasury Department regulatory updates