The Office of Government Ethics, which oversees the executive branch, released new guidance for public financial disclosure filers who own NFTs.
Filers should report NFTs that are worth more than $1,000 or have generated over $200 in investment income, according to the legal advisory.
Public financial disclosure filers must report NFTs that are worth more than $1,000 or produce over $200 in investment income, according to the advisory, which was released by OGE Director Emory A. Rounds III on Monday. Filers do not need to report assets that are not held for investment or production income, and instead are held for personal, family or household use. The office has previously said other household items like furniture, clothing and perishable items purchased for family use are not reportable.
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