Another reason to abandon CEX for DEX?  The Treasury Department finalized a rule that would require #Crypto exchanges to report user transaction info like gross proceeds to the IRS. (The idea: deter tax dodgers.) The rule applies to centralized exchanges like Coinbase and Binance.

https://www.wsj.com/finance/currencies/crypto-investors-to-see-tighter-tax-rules-starting-in-2026-fe05fdbc

Crypto to See Tighter Tax Rules Starting in 2026

Crypto

Another reason to abandon CEX for DEX?  The Treasury Department finalized a rule that would require #Crypto exchanges to report user transaction info like gross proceeds to the IRS. (The idea: deter tax dodgers.) The rule applies to centralized exchanges like Coinbase and Binance.  https://www.wsj.com/finance/currencies/crypto-investors-to-see-tighter-tax-rules-starting-in-2026-fe05fdbc

Sam Mendoza

Better get your big trades in before the end of 2024. 

Note that currently, US exchanges only report crypto staking/dividend/interest income of its users to the IRS, and not the capital gains you generate via trades (relying instead solely on self-reporting). That all changes.

Better get your big trades in before the end of 2024.   Note that currently, US exchanges only report crypto staking/dividend/interest income of its users to the IRS, and not the capital gains you generate via trades (relying instead solely on self-reporting). That all changes.

Sam Mendoza

A group of likeminded people in Crypto are talking about this.