On March 28, 2022, the Treasury Department issued its General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals (the Greenbook – so-called because of its traditional green cover), which describes the revenue proposals that form part of the Biden Administration’s FY2023 Budget Proposal.

Among other topics, the Greenbook outlines a number of tax proposals addressing trading and lending of cryptocurrency and digital assets, and further expanded information reporting for such assets.

Read more here.