Research shows that the proportion of cryptocurrency holders in the United States reporting transactions is between 32% and 56%

According to CNBC, a research report published in March by the academic journal Accounting Research Review estimated that only 32% to 56% of US cryptocurrency holders reported transactions to the federal government. The US Internal Revenue Service plans to require brokers to send investors a 1099-DA form listing the total returns on digital assets starting from the 2025 tax year. Accountants say that calculating taxes on digital asset transactions is more complex than traditional financial assets such as stocks and bonds.