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High urgency

Lummis Pushes CLARITY Act Past 300-Page Revision With September Vote Now the Target - t.co

Detected August 9, 2026 · in Crypto & DeFi Tax Reporting

The CLARITY Act is undergoing revisions with a September vote target, impacting crypto tax reporting requirements, including broker reporting and IRS compliance.

Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on August 9, 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: September (exact date to be confirmed).. 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

Revisions to the CLARITY Act will affect tax reporting for digital assets, including new requirements for 1099-DA forms and cost basis reporting.

Who it affects

Crypto exchanges, brokers, accounting firms, DeFi protocols, and high-volume traders.

What you must do

Prepare for potential changes in tax reporting processes and compliance requirements as the Act progresses.

Deadline

September (exact date to be confirmed).

Source: https://news.google.com/rss/articles/CBMiO0FVX3lxTFAzOXJYV2phYkFzbzdKVUFQZ3ZaMGR3cGp0UFh2ZTEtcnZiSmNZa3lCOHlqczBHVzhZeEUw?oc=5

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