In a letter sent on Monday, Reps. Brad Sherman and Stephen Lynch (DMass) urged the U.S. Treasury Department to release its planned crypto tax regulations as soon as possible so that the industry could be brought fully into compliance.

In an press release, Sherman, a senior member on the House Committee on Financial Services said, “For many, many years, cryptocurrency has been a source of major tax evasion, and a substantial part of the country’s tax gap.”

In the letter, it was noted that although the White House had completed its review of the tax reporting requirements for cryptocurrency brokers included in the 2021 Infrastructure Bill and hotly debated in February, government regulations have not yet been released. The main issue was the broad definition of “broker”, which could have applied the reporting requirements to crypto wallet providers and miners, who wouldn’t be able to comply.

Read more: Incoming Chair of the House Financial Services Committee asks Secretary Yellen for a delay in crypto tax provision

IRS official Julie Foerster stated in April at CoinDesk’s Consensus Event that , she couldn’t say when, the agency intended to update and clarify guidance. She also said that the IRS was exploring other ways to communicate with the industry for taxpayers to voluntarily comply with reporting requirements.

The letter from the lawmakers said that the crypto industry had 2022 off to prepare and “now it appears gets 2023 as well.”

Read more: IRS hopes to have new crypto operating plan in “12-ish” Months, official says

Sheldon Reback is the editor.