The White House is considering a proposal from the IRS to adopt the global Crypto-Asset Reporting Framework (CARF), which would enhance the government's access to data on Americans' foreign crypto accounts. If implemented, the “Broker Digital Transaction Reporting” would align the U.S. tax system with 72 other countries committed to CARF by 2028. This move aims to tighten reporting requirements for capital gains from foreign crypto platforms, discouraging Americans from shifting their digital assets to offshore exchanges. CARF, established by the OECD in late 2022, is designed to help countries share cryptocurrency data and combat tax evasion. With over a third of the world participating, the framework will roll out in 2027 with 50 countries, including Brazil and the UK, joining first. In the U.S., more stringent local tax regulations are on the horizon, particularly with the introduction of 1099-DA forms in January 2026, which will require U.S. crypto exchanges to provide detailed transaction information. Tax lawyer Clinton Donnelly noted that this shift marks a significant reduction in crypto anonymity, as the IRS plans to leverage improved tools and data integration to monitor blockchain activities. The goal is to identify non-reporting users and target them for audits, signaling a major change in how cryptocurrency transactions will be regulated in the U.S.