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Number of New IRS Crypto Broker Regulations in 2025
5
Resolution / Starting Odds
None • 25%
1-2 • 25%
3-4 • 25%
5 or more • 25%
IRS official announcements or legal database tracking IRS regulations.
Story
IRS Unveils Draft Form 1099-DA for 2025 Crypto Broker Reporting
Apr 19, 2024, 05:53 PM
The IRS has released the first draft of Form 1099-DA, a new tax form specifically designed for reporting digital asset transactions by brokers. This development is part of the broader regulatory framework that includes defining 'unhosted wallet providers' as 'brokers' under the IRS's broker rule, which has yet to be finalized. The form, which aims to collect detailed identification and transaction data, is set to be used by brokers starting in 2025 to report digital asset proceeds from broker transactions.
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Increased regulation • 33%
No change • 33%
Decreased regulation • 33%
Stricter regulations • 33%
No change in regulations • 33%
Reduced regulations • 34%
None • 20%
One • 20%
Two • 20%
Three • 20%
More than three • 20%
0 new exchanges • 25%
1-2 new exchanges • 25%
3-4 new exchanges • 25%
5 or more new exchanges • 25%
No action • 33%
1-2 actions • 33%
3 or more actions • 33%
New regulations introduced • 50%
No significant changes • 50%
New regulations introduced • 33%
Existing regulations enforced more strictly • 33%
No change in regulations • 34%
None • 25%
1-2 stablecoins • 25%
3-5 stablecoins • 25%
More than 5 stablecoins • 25%
0-2 additional filings • 33%
3-5 additional filings • 34%
More than 5 additional filings • 33%
0 reports • 25%
1 report • 25%
2 reports • 25%
3 or more reports • 25%
Regulation Upheld • 33%
Regulation Overturned • 33%
Regulation Amended • 34%