Coinbase to Report Crypto Sales Starting 2025 Amid GENIUS Act Impact
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Regulatory Change: Coinbase will start reporting crypto sales in 2025, a new requirement that could significantly impact its operational model and lead to major adjustments in user strategies, particularly regarding tax and market structure.
- Stablecoin Regulation: The implementation of the GENIUS Act may alter stablecoin regulatory frameworks, with Coinbase signaling conditional support while emphasizing the need for alignment between regulations and statutory intent to avoid future compliance risks.
- Market Impact: New 1099-DA reporting requirements could reshape user trading strategies, especially concerning major assets like Bitcoin and Ethereum, influencing institutional investor decisions and overall market dynamics.
- Policy Advocacy: Coinbase executives are actively involved in shaping U.S. crypto regulations, advocating for clear regulatory frameworks to navigate potential market and tax structure changes, ensuring the company's competitiveness in a rapidly evolving regulatory landscape.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
