Part 6/12:
This phenomenon, dubbed "Operation Chokepoint 2.0," highlights how regulators leverage banks to limit crypto's mainstream reach. For retail users, this often results in frozen accounts and transfer bans; for businesses, it can mean outright shutdowns.
On the tax front, US regulators will require brokers and exchanges to report digital asset sales starting in early 2026, including sale details and, eventually, cost basis information. This comprehensive reporting aims to help the IRS track profits, but it also raises privacy concerns and potential for increased audit frequency. Notably, efforts to extend these reporting requirements into DeFi frontends have so far been blocked in Congress.