Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
Crypto investors got some breathing room this week as the IRS pushed back its new tax reporting rules for brokers to Jan. 1, 2026. The delay gives centralized exchanges time to adapt to regulations requiring investors to choose how their crypto sales are taxed. If no method is selected, brokers will use First-In, First-Out (FIFO), where the oldest (and often cheapest) assets are sold first — potentially leading to bigger tax bills in a rising market. Tax experts flagged this as a disaster waiting to happen, so the postponement is welcome news.
This follows another IRS rule stirring controversy in DeFi, set for 2027, requiring brokers to report users' personal data and trades. Critics, like the Blockchain Association, argue it threatens privacy and innovation, prompting a lawsuit.
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