CoinLedger: In the past 60 days, the number of warning letters issued by the IRS to encryption investors has surged by over 750%.

PANews, June 29 - According to a report by The Block, the proportion of U.S. Crypto Assets investors receiving warning letters from the IRS has sharply risen, with the Crypto Assets tax software platform CoinLedger reporting a 758% increase in the number of warning letters received in the past 60 days. The most common letter is IRS Notice 6174, which is educational in nature, while more serious letters (such as 6173 and CP2000) may require a response and could lead to an audit. President Trump has expressed an intention to eliminate taxation on Crypto Assets within the U.S., but Congress has yet to propose related legislation. Meanwhile, many investors still mistakenly believe they do not need to report Crypto Assets when filing taxes. CoinLedger CEO David Kemmerer warned that this surge could be the beginning of a broader enforcement wave before the new 1099-DA form rules come into effect, which will require Crypto Assets brokers to report detailed gains/losses data starting in 2026.