๐จ Crypto News Flash! ๐จ
- The U.S. DOJ secures its first-ever crypto tax evasion conviction! A Texas man gets 2 years in prison for hiding over $1M in taxes from Bitcoin trades between 2017-2019. ๐๏ธ
- This landmark case shows the feds' growing prowess in tracking blockchain transactions, reminding crypto users that digital assets are taxable like fiat.
- With increasing scrutiny, transparency in reporting crypto gains is crucial. What do you think about this precedent? Share your thoughts in the comments! ๐ฌ