Foresight News reports, according to CryptoSlate, that the IRS will postpone the implementation of cryptocurrency tax reporting rules until the end of 2025. This rule stipulates that CEXs must use the first-in, first-out (FIFO) accounting method by default when calculating capital gains. The FIFO method typically assumes that the oldest assets are sold first, which can often result in higher taxable gains during a market upswing. This postponement increases the tax obligations for cryptocurrency investors.