US Senator Elizabeth Warren, known for her anti-BTC and anti-crypto rhetoric, and a group of Democrat senators wrote a letter to the US Treasury Department and the IRS.

Other than Warren, the senators included Bob Casey, Richard Blumenthal and Bernie Sanders.

In the letter they wrote, the senators wrote that there is a tax gap of $ 50 billion so far, and that if there is no regulation on the crypto tax, this gap could increase even more and it could be $ 1.5 billion in 2024.

Pointing out that too many people are evading taxes from cryptocurrencies, the senators stated that the IRS and the US Treasury should take urgent action.