US-CONGRESS BILLS-119hr9331rh: Strengthening Transaction Oversight and Preventing Payments Fraud Act of 2026; STOP Payments Fraud Act of 2026
New legislation mandates enhanced transaction oversight and reporting for crypto transactions, affecting tax reporting and compliance for digital asset transactions.
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: Not specified in the excerpt.. 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
Introduction of stricter reporting requirements for crypto transactions, including 1099-DA forms and potential wash sale rules.
Who it affects
Crypto exchanges, brokers, accounting firms, DeFi protocols, and high-volume traders.
What you must do
Review and update transaction reporting processes to comply with the new oversight requirements.
Deadline
Not specified in the excerpt.
Source: https://www.govinfo.gov/app/details/BILLS-119hr9331rh
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