The US Treasury Department and the Internal Revenue Service have agreed on new crypto tax reporting rules for investors. This policy has been received very positively, as uncertainty has been a long-standing problem in the crypto space. There are now clearer rules to follow and obvious benefits for everyone. 📈 Trading platforms will be tasked with reporting their customers' gains and losses. This can help taxpayers who have the responsibility of reporting profits from crypto investments file accurate returns with less hassle. However, there may be losses for those who do not declare their earnings based on the misconception that their crypto trades cannot be tracked.