Senators Cynthia Lummis, Tim Scott Press For CLARITY Act Passage – Reportedly Eye Push After July 4 - stocktwits.com
Senators Lummis and Scott are advocating for the passage of the CLARITY Act, which may impact crypto tax reporting and compliance requirements for businesses in the sector.
Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on September 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium 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: Post-July 4, 2023 (exact date TBD).. 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
Potential new regulations regarding crypto tax reporting, including 1099-DA forms and broker reporting requirements.
Who it affects
Crypto exchanges, brokers, accounting firms, DeFi protocols, and high-volume traders.
What you must do
Monitor the progress of the CLARITY Act and prepare for potential changes in tax reporting obligations.
Deadline
Post-July 4, 2023 (exact date TBD).
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- SEC Chair Atkins Expects CLARITY Act to Clear Senate by September 15 - tekedia.com
- Connecticut AG Warns On Offshore DeFi Exchanges - blockchainreporter.net
- SEC Approves Nasdaq Texas Rule Adding Digital Commodity Definition to Crypto ETPs - KuCoin
- National Sheriffs’ Association Drops Opposition to CLARITY Act - blockchainreporter.net
- XRP News: Ripple CEO Turns More Bullish on US Crypto Regulation After CFTC Meeting - CryptoRank