The IRS is expected to update its cryptocurrency guide in the coming weeks.

According to the Wall Street Journal reported on July 6, the Internal Revenue Service is expected to update its cryptocurrency guide in the coming weeks. In April of this year, a bipartisan group of 20 members proposed this request. This is part of a broader effort to advance the development of the cryptocurrency industry. Congress is considering at least three bills to address some of the vague legal issues surrounding digital currencies.