Most Crypto Users Are Unaware Of New Tax Rules, Coinbase Survey Finds

A Coinbase–CoinTracker survey finds most U.S. crypto users are unprepared for new IRS reporting rules (Form 1099‑DA) for the 2025 tax year, potentially raising compliance costs and frictions across the crypto market. About 61% of respondents were unaware of the new requirements, and many misunderstand what triggers taxable events, while Coinbase has publicly criticized the rule’s complexity. Low current use of crypto-specific tax tools (8%) and higher reliance on general software or accountants (78% and 52%) suggest demand for specialized services and advisory support could rise. The survey also notes growing use of AI for tax tasks (≈47%), pointing to a shift toward automated tax solutions. Overall, the change may increase operational burdens for exchanges and retail users, create business opportunities for tax-software and advisory firms, and temporarily affect trading behavior as users reconcile cost bases and reporting obligations ahead of the April 15 filing deadline.