The US Treasury plans to amend the Bank Secrecy Act to include cryptocurrencies in the definition of "currency", implementing new reporting requirements. The measure aims to place cryptocurrencies under the same reporting rules as traditional fiat currencies to enhance financial transparency. The final rule is expected to be released in September 2025. The revised rules will cover convertible virtual currencies and digital assets with fiat currency status, including central bank digital currencies (CBDCs). In addition, the Department of Justice is updating regulations to address crimes assisted by the use of artificial intelligence (AI), proposing additional penalties for such crimes. Consensys, the developer of the MetaMask wallet, has petitioned the IRS to delay implementation of the new tax rules, saying they could be burdensome for entities without traditional reporting obligations. The new regulations will place cryptocurrency brokers' reporting requirements similar to those of traditional brokers, requiring the submission of Form 1099-DA.