[U.S. Cryptocurrency Holders Fearful and Confused About New IRS Tax Laws] According to a report by Jinse Finance, a recent survey of 1,000 U.S. digital asset investors found that more than half are concerned they will face tax penalties from the IRS this year as new transparency rules regulating cryptocurrency exchanges take effect. Data collected by the cryptocurrency tax platform Awaken Tax at the end of January shows that U.S. cryptocurrency holders are worried about the fundamental shift from self-reporting to automatic reporting of transactions. The new regulations aim to combat cryptocurrency tax evasion and require brokers, such as cryptocurrency exchange Coinbase (COIN), to report all digital asset sales and transactions occurring during 2025 to tax authorities. The goal is to provide tax authorities with a clear understanding of investors' gains and losses by opening up internal customer data from exchanges for the first time, enabling the IRS to compare data reported by cryptocurrency brokers with data declared by taxpayers.