The Treasury Department's IRS had recently established the crypto brokerage forms that will deluge the federal tax offices, but there are several major crypto taxation questions still hanging. "Without clear tax rules, taxpayers are left with many unanswered questions." Meanwhile, the IRS has been a particular target of the administration, which has cut thousands of staff from its workforce. Earlier on Wednesday, prominent crypto firms began praising new guidance that just emerged from the IRS, potentially freeing them from certain tax burdens. Read More: U.S. Digital Assets Tax Policy Getting Hearing During 'Crypto Week'