The Morning After: The US Treasury finalizes tax rules for crypto<p>Welcome to the first day of July. Summer is here in earnest, but let me keep you, briefly, indoors with tales of finalized rules for crypto in the US, and how Lego is making bricks from stardust. </p>
<p>A new rule finalized by the US Treasury Department will ensure that people that dipped their toes into crypto (and crypto trading) are paying the proper amount on their sales. The new rule will require cryptocurrency platforms like exchanges and payment processors to report their users' transactions to the IRS. Brokers will have to start reporting sales proceeds on digital assets in 2026 for all transactions accomplished in 2025, which means crypto traders are still on their own for now.</p>
<p>The rule will make easier for people to declare their earnings because their brokers will now
have to provide them with a 1099 form. The form has a threshold of $10,000 to report on transactions involving stablecoin, which are cryptocurrencies that track fiat money like the US dollar.</p>
<p>— Mat Smith</p>
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<figure><img src="[url]https://s.yimg.com/os/creatr-uploaded-images/2024-07/cd8ac750-378f-11ef-b0eb-a8f5b191e4ab" data-crop-orig-src="
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<p>Lego has teamed up with the European Space Agency (ESA) to make Lego pieces from actual meteorite dust. They are on display at several Lego store locations until September 20, although it all isn’t just for giggles, or Lego kit upsell. It’s a proof of concept to show how astronauts could use moondust to build lunar structures.</p>
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The Morning After: The US Treasury finalizes tax rules for crypto
