The Internal Revenue Service (IRS) has released an updated draft version of the tax form 1099-DA used by cryptocurrency brokers and investors to report gains from certain transactions, inviting the industry to participate in the discussion. The public has 30 days to provide the IRS with comments on the proposed 1099-DA. IRS officials said the crypto 1099 form would "bring more convenience and clarity" to those paying US crypto taxes. The newly released 1099-DA update is understood to be more streamlined than the first draft of the IRS tax return filed in April. The items for investors to fill in wallet addresses and transaction IDs have been removed (which caused privacy-related controversy when the form was first published). In addition, the form no longer requires the time of the relevant transaction, just fill in the date. Drew Hinkes, a partner at the law firm K & L Gates in Miami and a cryptocurrency lawyer, wrote on X that the updated form "has been greatly improved, reducing the burden and requiring significantly less data reporting."