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Crypto as a Security / Commodity and taxable events

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by COINS NEWS 106 Views

I've been doing some research lately on crypto tax strategies, how to manage taxes through different entities, etc., and it sparked some thought. With the recent decision around the XRP lawsuit and how it isn't a security, why are crypto trades being taxed as if it were stock/security? There is barely any regulation around the crypto space in general, and yet there exists this strange contradiction with how the US government is handling this. Do you anticipate that this ruling would have any effect on the tax law?

submitted by /u/cpjustice
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