WASHINGTON (Reuters) -U.S. Internal Revenue Service Commissioner Charles Rettig said on Tuesday that Congress needs to provide clear statutory authority for the tax agency to collect information on cryptocurrency transfers valued at over $10,000 that largely go unreported.
"I think we need congressional authority," Rettig said in testimony to the Senate Finance Committee. "We get challenged frequently, and to have a clear dictate from Congress on the authority for us to collect that information is critical."
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