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ARTICLE · 16 MARCH 2026

The New Crypto Playbook

Farrell Fritz
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In 2024, the Department of the Treasury (DOT) and the Internal Revenue Service issued final regulations establishing mandatory tax reporting...

United StatesTechnology
Azriel J. Baer
Azriel J. Baer
Joshua Ashkenazy
Joshua Ashkenazy

In 2024, the Department of the Treasury (DOT) and the Internal Revenue Service issued final regulations establishing mandatory tax reporting requirements for brokers engaging in certain cryptocurrency (crypto) transactions and exchanges.1 These new rules, under 26 CFR Parts 1, 31 and 301 (TD 10000), were issued simultaneously with Revenue Procedure 2024-28 and mark a significant step toward integrating digital assets into the existing tax information reporting framework.

That being said, the regulations have generated considerable uncertainty among tax professionals and organizations regarding the determination and tracking of cost basis for crypto, which brokers will be required to report beginning Jan. 1, 2026.2

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