Trump Wants to Take Your Crypto-Guns…

  • In President Trump’s budget proposal for 2021, he puts the Secret Service back into the department of Treasury. His reasoning seems to be specially focussed on cryptocurrencies and their potential to be used for money laundering and terrorism finance.
  • In March 2020 (and after getting educated about cryptocurrencies last year), the IRS wants to talk with Crypto industry leaders to figure out better ways to tax crypto gains.

A Secret Service Homecoming

“The Budget continues the Administration’s investment in economic tools to advance foreign policy and address emerging threats, such as the use of cryptocurrencies in money laundering and terrorist financing.”

Why should I care?

The IRS is Playing Ball, too

Adoption is a Double-edged Sword

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