CoinLedger CEO: Sharp Increase in U.S. Users Receiving Crypto Tax Letters May Signal Broader Enforcement Ahead
2025/06/27 14:09According to ChainCatcher, The Block reports that CoinLedger CEO David Kemmerer stated that in the past 60 days, the number of U.S. users on the crypto tax software platform CoinLedger who have received letters from the IRS has surged by 758%. Accounting firms such as Taxing Cryptocurrency have also confirmed this trend.
In an email, Kemmerer noted that although Trump has expressed a desire to eliminate cryptocurrency taxes within the United States, Congress has yet to introduce any related legislation. Meanwhile, many investors still mistakenly believe they do not need to report crypto assets when filing taxes. He added that this could be the beginning of a broader enforcement wave, especially as the new 1099-DA tax reporting regulations are set to take effect next year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ZashXBT Releases List of 81 Accounts to Block for Promoting MEMENETIC Presale
The probability of a Fed rate cut in September falls to 75%
Bitcoin market dominance falls to 58.23%, hitting its lowest level since January this year
200,000 ETH Withdrawn from Exchanges in the Past 48 Hours
Trending news
MoreCrypto prices
More
