🦍 Crypto and Taxes: What the New OBBB Law Means for Your Business (and Why You Shouldn’t Go Bananas)

Crypto’s back in the news—big time. Just last month, a small Florida toy company went viral for spending $100 million on a wild crypto deal, sending their stock to the moon. Executives cashed out, headlines exploded, and somewhere, an SEC agent probably spit out their coffee.

If you run a real business (not a meme stock or a reverse-merge crypto jungle), you might be wondering: Should I be doing any of this? And what’s up with the new tax law? Let’s break it down, gorilla style. 🍌

🚨 What’s Actually Changed? The OBBB Crypto Rules in Plain English

The new One Big Beautiful Bill (OBBB) just made crypto reporting a lot more like stocks. Here’s what you need to know:

You’ll Get a Crypto Tax Form in 2026 (1099-DA)

No more hiding in the jungle!
Exchanges, brokers, and even DeFi protocols must send you (and the IRS) a 1099-DA for any crypto or NFT sales.
Translation:
Every time you sell or swap, it’s getting reported—just like stock trades.

No More Sneaky “Wash Sales”

Used to be you could sell Bitcoin at a loss, buy it right back, and still claim the deduction.
Not anymore, King Kong!
Starting 2026, if you buy the same crypto (or NFT) within 30 days after selling at a loss, the write-off is gone.

Got Offshore Crypto Accounts? The IRS Wants to Know

If you’re holding digital assets on a foreign exchange or in an offshore wallet, you now have to report it—just like an overseas bank account.
Forget to mention it? Get ready for fines that would make a gorilla drop his banana.

“Digital Asset” Means Everything: Crypto, NFTs, Stablecoins

The IRS is officially lumping all of it together. If it’s digital and can be traded, it counts.
No more pretending your bored ape is tax-free.

Mining, Staking, and Airdrops = Income

Free coins falling from the sky? The IRS sees them as income, and OBBB says you’ll need to report them as soon as you receive them.
Guidance is coming, but assume Uncle Sam wants his cut.

🍌 So What Should Real SMBs and Investors Do?

• Expect a LOT more IRS forms (and matching) in 2026.

• Don’t get cute with loss harvesting—wait 30 days or lose the deduction.

• Report your offshore wallets—or risk penalties that’ll make your accountant cry.

• Keep good records on staking, mining, and airdrops.

• And if you don’t want crypto headaches? Stick with good ol’ dollars and let Hedgi keep your books clean.

🦍 Final Thought: Don’t Let FOMO Make a Monkey Out of You

Crypto is wild.
Laws are changing.
But the smartest SMBs aren’t swinging for the next meme-coin—they’re building businesses, tracking every dollar, and letting the “gorillas” in Congress sort out the tax rules.

Stay smart, stay organized, and let Hedgi handle the boring stuff.
Leave the wild moves to the meme stocks (and the actual gorillas).

Got crypto tax questions, or want a reality check before your next big swing? Hit us up. We’re here to keep your books—and your bananas—safe.