X @BSCN

🚨NEWS: COINBASE CALLS NEW U.S. CRYPTO TAX REPORTING RULES "WASTEFUL" AND "ONEROUS"The exchange says the new IRS Form 1099-DA requirements go too far, arguing that mandating reports for stablecoins designed to track the dollar creates massive paperwork with zero tax revenue.Coinbase believes some provisions of the new reporting framework are overly burdensome, particularly since brokers often lack full cost basis data for assets transferred from external wallets.The exchange has urged regulators to rethink t ...