US-CONGRESS HR8170: MATCH Act
The MATCH Act introduces new reporting requirements for crypto brokers, including 1099-DA forms for digital asset transactions and cost basis reporting; it also addresses wash sales and staking rewards.
Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on August 21, 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
New mandatory reporting of digital asset transactions via 1099-DA forms, including cost basis, wash sales, and staking rewards.
Who it affects
Crypto exchanges, brokers, accounting firms, DeFi protocols, and high-volume traders.
What you must do
Implement systems to track and report digital asset transactions accurately as per the new requirements.
Deadline
Not specified in the excerpt.
Source: https://www.congress.gov/bill/119th-congress/house-bill/8170
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