In yet another move toward surveillance and tyranny, the Treasury announced a proposal to have the IRS collect all transaction data from every single financial account with a balance exceeding $600. And all transactions exceeding $600 would be reported. This includes bank accounts, investment accounts, and accounts with crypto exchanges. And the fact that this would be a direct violation of the 4th amendment may not be enough to stop this from going into effect -- proposed start is fiscal year 2022.
See the proposal here, which Congress thankfully vetoed.