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Message
re: Crypto and taxes.
Posted on 7/22/21 at 1:49 pm to GumboPot
Posted on 7/22/21 at 1:49 pm to GumboPot
quote:
I think you mean the IRS has declared crypto as property, right?
I think that is what I said?
quote:
But the SEC has not declared the crypto as a security (only for three original owners of Ripple). Why the difference between the IRS and the SEC?
Well... you mean we have inconsistency between government agencies??? Shocker!
One agency is concerned about raising revenue. The other is concerned about the public market for securities.
The IRS wants the revenue by deeming it a security. The SEC probably doesn't want to have to regulate it so they say it's not a security.
1
Posted on 7/22/21 at 2:31 pm to LSUFanHouston
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