Two-thirds of crypto investors unaware of new IRS tax rules that could cost them thousands of dollars, Coinbase and CoinTracker warn

Recent reports indicate that two-thirds of cryptocurrency investors are unaware of new IRS tax regulations that could significantly impact their financial positions, potentially costing them thousands of dollars. This lack of awareness could lead to increased tax liabilities, affecting investor sentiment and risk appetite in the crypto market. As a result, assets like Coinbase's stock (COIN) may face volatility due to heightened concerns over regulatory compliance and potential tax implications. Traders will be particularly attentive to upcoming IRS guidance or clarifications regarding these tax rules, which could influence market dynamics and investor behavior in the crypto space.

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