The IRS wants to standardize reporting of digital asset. IRS form 1099-DA is an attempt towards that end.
This IRS website states:
Form 1099-DA, Digital Asset Proceeds From Broker Transactions, is used by brokers to report proceeds from (and in some cases, basis for) digital asset dispositions to you and the IRS.
Whether or not you receive a Form 1099-DA, you must report all income, gains and losses from digital asset transactions on your federal income tax return.
In addition, the website also states:
Use the form and your other records to report your income on your tax return. You must calculate basis before you file your tax return.
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