# White House Considers Dialing Up Offshore IRS Crypto Surveillance Capabilities

*Author: Bankless*
*Published: Nov 17, 2025*
*Source: https://www.bankless.com/read/news/white-house-considers-dila-up-irs-offshore-crypto-surveillance*

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The White House is now reviewing a proposed rule that could give the IRS access to U.S. taxpayers’ crypto transaction data from foreign jurisdictions — a major step toward adopting a global reporting standard.

### What’s the Scoop?
- **CARF Push:** The proposal follows a July White House report recommending that Treasury and the IRS move toward implementing the international Crypto-Asset Reporting Framework (CARF), which aims to tighten global tax compliance for digital assets.
- **Foreign Exchange Oversight:** If approved, the IRS would gain access to information on U.S. taxpayers’ digital asset activity conducted abroad — a move framed as discouraging offshore asset migration.
- **Regulatory Alignment:** The Office of Information and Regulatory Affairs received the rule on Friday for review, part of its role in ensuring new regulations match the administration’s policy priorities.
- **DeFi Exemption (for now):** The earlier White House report stressed that any CARF-aligned rules should avoid introducing new reporting requirements for DeFi transactions.
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