Crypto platforms will need to report transactions to the Internal Revenue Service, starting in 2026. Gains from selling crypto and other digital assets are taxable even without these new regulations; however, there was no real standardization around how those holdings were reported to the government and to individual investors. Beginning in 2026 (covering transactions in 2025), crypto platforms must provide a standard 1099 form, similar to the ones sent by banks and traditional brokerages.