> The Infrastructure Investment and Jobs Act, which passed Congress in November of 2021, included a provision amending the Tax Code to require anyone who receives $10,000 or more in cryptocurrency in the course of their trade or business to make a report to the IRS about that transaction.

What is a 'trade or business' according to the IRS?

26 USC 7701(a)(26)

The term “trade or business” includes the performance of the functions of a public office.