New IRS Rules for Crypto Platforms

The IRS just rolled out new rules for brokers, and they’re including crypto platforms like decentralized exchanges. Starting in 2027, these brokers will have to report how much money people make from selling digital assets and share details about who’s involved.

What’s Changing?

If a DeFi platform helps people trade crypto and has some control over the process, it’s now considered a broker. This applies to front-end platforms acting as middlemen, even if they’re not set up as official companies.

Why Does It Matter?

The IRS says these rules aren’t new—they’ve been around for 40+ years for other industries. The goal is to make crypto earnings more transparent so people pay their fair share of taxes.

Who’s Impacted?

Platforms: About 650–875 DeFi brokers.

People: Up to 2.6 million taxpayers.

The IRS thinks this will help crack down on hidden crypto income and improve tax compliance.