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Medium urgency

Electronic Furnishing of Payee Statements Regarding Digital Asset Sales by Brokers

Detected July 30, 2026 · in Crypto & DeFi Tax Reporting

Proposed regulations allow digital asset brokers to electronically furnish payee statements (e.g., 1099-DA) to customers, replacing paper delivery if consent conditions are met.

Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on July 30, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. Crypto exchanges, brokers, DeFi protocols, and other digital asset brokers required to furnish payee statements to customers. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Not specified; proposed regulations not yet final. Monitor for final rule and effective date.. 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

Brokers may now provide payee statements electronically instead of by mail, subject to customer consent and disclosure requirements.

Who it affects

Crypto exchanges, brokers, DeFi protocols, and other digital asset brokers required to furnish payee statements to customers.

What you must do

Review proposed rules to ensure electronic furnishing procedures (consent, disclosure, delivery) comply; prepare to update systems for electronic delivery if not already in place.

Deadline

Not specified; proposed regulations not yet final. Monitor for final rule and effective date.

Source: https://www.federalregister.gov/documents/2026/03/06/2026-04431/electronic-furnishing-of-payee-statements-regarding-digital-asset-sales-by-brokers

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