According to @CNBC, the IRS will implement new crypto reporting requirements that make a classic crypto tax cheat risky starting with 2025 tax returns, signaling tighter data matching on digital-asset transactions for U.S. filers (source: CNBC). For traders, this underscores that crypto is treated as property and capital gains or losses must be reported, making accurate cost-basis tracking and comprehensive transaction records essential to align with federal rules (source: IRS Notice 2014-21; IRS Digital Assets FAQs).