Recent fluctuations in the crypto market have sparked widespread discussion. Some complain about being "weeded out," but from a different perspective, the pressure behind this market movement actually stems from deeper policy environment changes. The new tax regulations from the US Internal Revenue Service (IRS) targeting crypto assets are gradually being implemented, and 2025 will become a critical year for investors to seriously address tax compliance.

Many people have not yet fully realized the actual impact of these policy changes. The IRS's new regulations involve two core points, each directly affecting investors' cost management and risk planning.

**First Change: Significant Increase in Transaction Transparency**

Starting in 2025, centralized trading platforms will be required to submit users' sell records and transaction details to the IRS. This means every operation will be monitored by tax authorities. More importantly, the tax forms received during the 2026 tax season will only show the proceeds from sales, while the purchase costs are usually not reflected in the forms. If investors cannot provide sufficient proof of costs, the IRS will calculate taxable income based on the full sale amount, which could result in substantial back taxes owed.

**Second Change: New Restrictions on Cross-Platform Cost Accounting**

In the past, investors often diversified assets across multiple platforms to reduce risk and transferred assets between different platforms. The implementation of the new regulations makes tracking such cross-platform operations more complex, with new regulatory requirements for transfer records and cost matching between platforms.

These changes directly increase compliance costs and explain why there have been more asset adjustment actions in the market recently. Investors now need to plan their trading strategies and record management more carefully.