Tax Question Regarding Gifting Crypto From American to Canadian

Hello,

I was wondering if anyone could provide some insight into this situation.

I am a US citizen, living in the US. I am wanting to send some cryptocurrency to my brother as a gift. He is a Canadian citizen and lives in Canada.

The cryptocurrency I would be sending has made a profit since I originally bought it.

In the future, if my brother sells the cryptocurrency, how is the tax situation approached in this scenario?

From some research I've done (and I could be mistaken), the IRS doesn't require me to pay taxes if sending the cryptocurrency as a gift. But, on the Canadian side, the CRA doesn't require the receiver of the gift to pay taxes on the value of the cryptocurrency they receive (unless it increases in value from the date received to the date sold, and then paying taxes on those specific gains).

So, which of us would be reporting the cryptocurrency for tax purposes in this scenario?

Thank you.