White House Supports Expanded IRS Crypto Surveillance Abroad

The White House has voiced support for increased IRS surveillance of international crypto transactions, marking a significant step in expanding regulatory oversight over digital assets. President Trump and Treasury Secretary Scott Bessent have spearheaded these efforts, aiming to enhance security and clarity through blockchain integration within existing financial frameworks. This initiative targets major cryptocurrencies and could encourage users to shift towards privacy-focused alternatives. Stakeholders express concerns about potential privacy infringements and market shifts as a consequence of increased surveillance.