IRS Form 1099-DA Rules Threaten Exchange Access, Coinbase Pushes Back
Regulatory changes in U.S. crypto tax reporting, policy shifts on crypto security, and enterprise stablecoin deployment drive today’s global crypto digest.
Press review for 08 mars 2026 – editorial selection
Last updated: 07:17
Daily News Summary: Regulatory developments, policy updates, and enterprise crypto infrastructure highlights across tax reporting, security, and stablecoins.
🏛 IRS crypto tax form electronic delivery could cost exchanges access under new rule
- The IRS proposes an electronic delivery path for Form 1099-DA; exchanges could terminate customer relationships for declining electronic delivery.
- Consent to e-delivery could be obtained at onboarding; customers may not be allowed to withdraw consent while remaining customers.
- Paper options may disappear; a failed email would trigger a paper notice, not full forms.
- Delivery would be through an online document center or direct email attachment with a seven-year retention window.
- Starting Jan 1, 2025, brokers must file Form 1099-DA for gross proceeds; basis reporting begins in 2026 for covered assets held with the same broker.
🏛 Coinbase: new U.S. crypto tax rules are cluttered and onerous
- The IRS’s 1099-DA tax form for reporting digital asset gains is described as burdensome due to potential over-reporting.
- Coinbase’s tax experts warn about the wastefulness and onerous nature of the new reporting rules.
- The discussion centers on U.S. tax-reporting rules for crypto assets and their practical implications for users and exchanges.
- The article presents Coinbase’s perspective on the complexity of crypto tax reporting.
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🏛 Trump cyber strategy pledges support for crypto and blockchain security
- The strategy vows to support the security of cryptocurrencies and blockchain.
- Crypto and blockchain security are framed within a national technology competition alongside AI and quantum computing.
🏛 Oil prices may be the biggest signal for Bitcoin, replacing CPI and ETFs in focus
- Oil prices are discussed as a macro signal influencing Bitcoin through inflation expectations and liquidity conditions.
- The analysis links oil-driven inflation dynamics to Fed policy and market liquidity, affecting Bitcoin indirectly.
- Bitcoin’s price action is described in the context of macro variables like oil, yields, and the dollar.
🏦 Kalshi, Polymarket eye $20B valuations in potential fundraising: WSJ
- Kalshi is reported to be valued at about $11 billion; Polymarket is valued at about $9 billion, as per WSJ discussions.
- The fundraising talks are described as aiming for valuations around US$20 billion.
Review based on an editorial selection of reliable press sources.
