The Internal Revenue Service (IRS) recently released a revised draft of the cryptocurrency tax form 1099-DA for brokers and investors in the U.S., inviting industry insiders and outsiders to provide feedback. The revised draft provides more convenience and clarity, helping individuals who pay taxes on their cryptocurrencies in the U.S. The public has been given 30 days to provide feedback on the new draft. Compared to the previous version, the revised form is simplified, removing requirements to fill in wallet addresses and transaction IDs, as well as the need to specify transaction times, only requiring date information. This change is considered to significantly reduce the burden on users and the amount of data that needs to be reported. Drew Hinkes, a partner and cryptocurrency lawyer at K&L Gates in Miami, commented on the X platform that the changes to the new form are an 'important improvement,' effectively reducing user workload and significantly lowering reporting requirements.