crypto tax

POKKET: Crypto Market Update (July 31)

POKKET: Crypto Market Update (July 31)

Bitcoin is +4.5% to $41700, ETH is +2% to $2450. Movers are POWR +42%, LINK +17%, RLC +16%, YFII +14%, PUNDIX +13%, no standouts on the downside. It is looking more likely congress is going to pass the $550B infrastructure bill that threatens to kill the crypto industry by including an amendment to crypto tax collection. If the bill is passed as-is, the provision for crypto tax expands the definition of a broker to tax purposes to cover “any person who is responsible for and regularly provi…