Comptroller Gould highlights digital asset efforts, says OCC will finalize GENIUS Act rule by November - JD Supra
OCC to finalize GENIUS Act rule by November, impacting digital asset reporting requirements.
Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on September 2, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Crypto exchanges, brokers, accounting firms, DeFi protocols, and high-volume traders. should confirm how it applies to their specific situation before acting. There is a time constraint attached: November (exact date to be confirmed upon finalization of the rule).. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Crypto & DeFi Tax Reporting continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
New reporting requirements for digital assets under the GENIUS Act, including potential changes to 1099-DA forms and broker reporting.
Who it affects
Crypto exchanges, brokers, accounting firms, DeFi protocols, and high-volume traders.
What you must do
Prepare for new reporting standards and ensure compliance with upcoming regulations.
Deadline
November (exact date to be confirmed upon finalization of the rule).
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