IRS Crypto Crackdown Accelerates: CoinLedger Reports 750% Surge in Tax Letters as Enforcement Ramps Up

The taxman cometh—with a vengeance. The IRS is flooding crypto investors with enforcement letters at a rate 7.5x higher than previous years, according to CoinLedger data. Forget gentle reminders—this is a full-scale audit blitz.

‘Voluntary compliance’ just got aggressive

Tax agencies used to play nice with crypto holders. Now they’re cross-referencing exchange data, chain analytics, and—let’s be honest—the hilarious transparency of public blockchains. Pro tip: That ‘tax loss harvesting’ scheme from 2023? Yeah, they’ve seen it.

The new math: 750% more fear

Every percentage point in those IRS letters translates to sweaty palms across crypto Twitter. Meanwhile, traditional finance bros smirk—their offshore accounts remain safely obscured by 40 years of regulatory capture. How’s that decentralization working out?

One thing’s clear: The crypto tax ice age is here. Grab your forms. Or a lawyer.