Several prominent crypto commentators have voiced their criticism on social media regarding the new crypto tax reporting rules proposed by United States president Joe Biden.
Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States president Joe Biden., the Internal Revenue Services proposed brokers follow new rules for selling and trading digital assets. Brokers would use a new form to make tax filing easier and prevent cheating on taxes.
Messari CEO, Ryan Selkis was among those who responded unfavorably to the news, believing that if Biden secures re-election, the crypto industry will not flourish in the country.Move abroad, draft Newsom and hope for the best, or vote GOP where at least we know the top three candidates are less terrible on this issue.Likewise, Chris Perkins, president of crypto venture firm CoinFund holds the viewpoint that other countries have surged ahead of the U.S.
To clarify, I agree that other jurisdictions have seized the initiative and the U.S. has sadly fallen behind. We need proactive, nuanced policies that encourage and unlock responsible innovation across crypto verticals. Clarity is coming, one way or another. The time to engage…While others remain skeptical that neither the Democrats or the Republicans would adequately champion crypto interests in the U.S.
“US devotion to income tax means they can NEVER accept private transactions on public ledgers without tax and sanction surveillance.”operations.
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