PANews reported on December 28 that according to The Block, the U.S. Internal Revenue Service (IRS) has finalized rules requiring DeFi brokers to report the gross proceeds from digital asset sales and provide customers with Form 1099 to collect user transaction information, including name and address. The Treasury Department noted that the final rules apply to "front-end service providers" that interact "directly with customers," meaning entities that run the main website for accessing decentralized protocols, not the protocols themselves. According to the document, the rule is expected to take effect on or after January 1, 2027. The idea of strengthening tax enforcement for digital asset service providers first appeared in the Infrastructure Investment and Jobs Act passed in 2021 to help pay for expenditures authorized by the bill.