The number of warning letters received by American encryption investors from the IRS has surged by 758% in the past 60 days, with new tax regulations set to take effect next year.

[In the past 60 days, the number of IRS warning letters received by U.S. crypto investors surged by 758%, with new tax regulations set to take effect next year] In the past 60 days, the U.S. crypto tax platform CoinLedger found that the number of users receiving warning letters from the IRS has surged by 758%, and accounting firms have also confirmed a similar trend. This may be a sign of enforcement ahead of the new 1099-DA tax regulations set to be implemented in January 2026. This tax regulation will require crypto platforms to report users' transaction income and costs, providing the IRS with more complete tax data.