The U.S. Treasury + IRS just issued proposed regulations that would make it easier for crypto/digital-asset brokers (exchanges) to deliver Form 1099-DA statements electronically instead of mailing paper copies.
What changes under the proposal
Brokers get an optional “alternative consent” process that lets them obtain consent for electronic delivery without having to offer a paper option.
Customers would not have to be given a way to withdraw that consent once provided.
Brokers would need to meet enhanced notice + access requirements (clear notice a tax document is available + continued access to statements).
Timing: The IRS says brokers could use these proposed rules for 1099-DA statements required to be furnished on or after Jan. 1, 2027.
Context: Form 1099-DA is the IRS form for reporting digital asset proceeds from broker transactions. #BinanceSquareTalks $BTC $XRP $SOL #MarketRebound #AIBinance #MarketNews