Odaily News The US Internal Revenue Service has extended the comment period for the new crypto tax law to November 13, and the proposed rules will take effect in 2026, affecting sales and transactions conducted in 2025. (Cointelegraph) According to previous news, the U.S. Department of the Treasury recently released a nearly 300-page proposed rule that clearly defines a “broker” in the crypto industry and resolves years of tax reporting uncertainty. Under the new rules, CEXs, payment processors, some custodial wallet providers, some DEXs, and individuals or entities that cash out issued crypto tokens will be subject to tax reporting obligations. The new rules also introduce a new tax form for use by newly designated brokers, resolving confusion over applicable tax forms.