Trump Administration Proposes U.S. to Join Global Crypto Tax Framework

The Trump administration officially submitted a proposal to join the OECD’s Cryptocurrency Asset Reporting Framework, aimed at enhancing U.S. tax compliance for overseas crypto accounts, with global implementation targeted by 2027.

This move could reshape global crypto tax norms, potentially increasing scrutiny on custodial assets and requiring compliance upgrades by exchanges, while excluding decentralized finance operations from new reporting mandates.

U.S. Moves Towards Joining OECD Crypto Framework

President Trump’s administration has promoted a regulatory initiative that involves the United States joining the OECD’s Cryptocurrency Asset Reporting Framework. This framework mandates member countries to share cryptocurrency asset information automatically, aiming to tackle cross-border tax evasion.

If approved, the IRS will require U.S. taxpayers to report overseas cryptocurrency accounts, facilitating international tax information exchange. This initiative is not designed to impose new reporting requirements for DeFi transactions.

Senator Cynthia Lummis, a prominent Bitcoin advocate, unveils digital asset tax legislation and stressed the importance of modernizing crypto taxation, while the proposal’s intention to exclude DeFi transactions from new reporting has been welcomed. Key stakeholders see this as a beneficial step for U.S. digital asset growth.

Bitcoin’s $93,900 Price Amid New Regulatory Proposals

Did you know? The Cryptocurrency Asset Reporting Framework is modeled after FATCA, which also tackled cross-border financial data sharing.

CoinMarketCap data indicates Bitcoin (BTC) is priced at $93,900.83 with a market cap of 1.87 trillion as of November 17, 2025. Its dominance is 58.55%. In recent movements, BTC recorded a -0.32% change in 24 hours and a -10.94% change over one week.

The Coincu research team highlights that adherence to international frameworks like CARF could spur innovative financial technologies. Analysts emphasize the need for clear regulatory guidelines to enhance U.S. competitive positioning in the global digital asset market.