If you’re involved with cryptocurrency or digital assets in any way—buying, selling, holding, or accepting crypto for business—there’s an important shift coming. The One Big Beautiful Bill Act (OBBBA) is setting the stage for tighter regulations and clearer IRS reporting rules surrounding digital assets.

These changes aren’t just technical; they’re going to affect how individuals and businesses report crypto transactions, and how closely the IRS monitors them.

The IRS Is Closing the Gap

In the past, crypto has lived in a bit of a gray area—many users weren’t sure what to report, and platforms weren’t required to submit detailed information. That’s changing fast. The IRS is preparing to roll out new rules requiring exchanges and other platforms to report digital asset transactions, much like a brokerage firm would for stocks.

The goal? Reduce underreporting and ensure crypto is taxed like other forms of income.

Who Needs to Pay Attention?

Anyone who’s bought, sold, received, or transferred crypto in recent years. This includes casual investors, businesses that accept digital payments, and those who’ve swapped one coin for another. These transactions often trigger a taxable event—and the IRS wants a clearer picture.

What You Should Do Now

• Keep better records. Start logging your crypto transactions now—dates, amounts, values, and reasons.

• Talk to a tax pro. These rules will evolve, and having someone who’s up to speed can help you avoid costly mistakes.

• Expect increased enforcement. With new systems and reporting tools in place, the IRS is stepping up crypto compliance.

This is the moment to get proactive. Don’t wait for a notice—get your digital asset reporting in order before the IRS knocks.