According to Foresight News, CoinDesk reported that the U.S. Senate Finance Committee asked the cryptocurrency industry to provide tax guidance. U.S. Senate Finance Committee Chairman Ron Wyden and Committee Member Mike Crapo said that the revised 1986 Internal Revenue Code (IRC) distinguishes between property types but does not directly classify digital assets. This uncertainty has brought complex reporting issues to taxpayers. The committee will collect feedback by September 8, 2023.