According to Odaily Planet Daily, a16z crypto recently commented on the draft 1099-DA form of the U.S. Internal Revenue Service (IRS). The main points include: Each digital asset transaction requires multiple brokers to submit 1099-DA forms, resulting in unnecessary duplicate information reporting and unreasonable burdens on filers; it is unnecessary for brokers to report wallet addresses, which will put taxpayer information at significant risk; the cost of providing the information required by the 1099-DA form is too high and sometimes even impossible to achieve; it is recommended to postpone or "gradually advance" the effective date of the digital asset information reporting requirements; non-custodial wallets and digital asset payment processors should be removed from the "broker" category in the 1099-DA form; the IRS should not require the submission of a 1099-DA form when disposing of fiat-backed stablecoins and most NFTs; the requirement to submit a 1099-DA form should include a minimum threshold, which should allow brokers to aggregate transactions for reporting purposes.