When Are You Taxed on Something Not Real? Elon Musk & Doge Founder Outline Crypto Tax Argument
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So, the SEC claims crypto has "no innate or inherent value." 🤔 Coinbase fired back, saying the market determines crypto value, not the SEC. Remember the '80s gold coin lawsuits? SEC tried to control, failed. Coinbase argues the same for crypto.
The SEC insists crypto is different, saying they're worthless without services or intellectual property. Elon Musk jumps in, questioning, "It’s real if you have to pay taxes, but otherwise not real?" 😂
Dogecoin's co-creator mocks the SEC, pointing out the irony of taxing gains on something they claim has no real value. 🚀
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Disclaimer: Always consider professional advice. Crypto markets are as unpredictable as Elon's tweets!
