USA is one of those nations who used to be anti crypto but with the pro crypto wave change since the 2022 things would be possible for the USA to accelerate further. So they proposed the form 1099 for the crypto now to file the crypto asset taxes. And now with the funds and the stocks being created for the crypto, it'd be possible for the investors to invest into the cryptocurrency. 

1099-DA cryptocurrency form has made it possible for the people and companies to file the crypto investment and taxes with this tax filing times. And this would be started from the 2025. 

As of now there does not seem to be updates form any tax filing software as the form is in draft. And the business making use of the digital assets reporting through this form would make things easier. Most of the bank and the funds also be reporting through electronic means would be making serious choices for the reporting of the crypto. 

This form is going to make the tax reporting for crypto lot easier. be it through exchange data and other sources would be accumulating in the one place. And also the form would make it easier for the 1099 DA to also have the history of past filing easier and traceable. 

You can check out more about this update for the 2025 tax reporting and the 1099DA form here.