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toomuchtodo
5y ago
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Crypto that is considered securities (by meeting the Howey test) is regulated by the SEC. Crypto that is treated as a commodity is regulated by the CFTC.
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kristianp
5y ago
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As far as I know all crypto is considered securities by the IRS.
toomuchtodo
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5y ago
The IRS treats crypto as property in general, not a currency. That’s why there are capital gains or losses with each transaction.
https://www.irs.gov/businesses/small-businesses-self-employe...
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