🚀Bitcoin Hits $38K & Treasury IRS Crazy Crypto Tax Rule
Bitcoin continues to look bullish and Marisa Coppel of the Blockchain Association joins me to discuss Treasury IR crypto tax rule, SEC SAB 121 and much more.
Hi Everyone,
Bitcoin touched $38,000 today and looks bullish! $40,000 is definitely around the corner.
There is a bearish scenario though. However, the bullish scenario is more probable. Some bears such as Capo are still calling for $12,000. Here is a chart from the StockMoneyLizards analysts showing the possible directions we could see.
Here is my interview with Marisa Coppel who is Senior Counsel at the Blockchain Association. We discuss:
Treasury IRS proposed crypto tax broker rule
U.S. Government Accountability Office (GAO) review of the SEC’s SAB 121. Will companies sue the SEC?
Grayscale SEC appeal ruling and Bitcoin Spot ETF approvals
SEC Ripple XRP case
Coinbase vs SEC case
👂Listen on Spotify
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📰 Latest Crypto Industry News
➡️ Cathie Wood’s investment firm, ARK Invest, has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin hit 17-month highs over excitement for a possible spot Bitcoin exchange-traded fund (ETF). ARK’s Next Generation Internet ETF still holds 4.3 million GBTC shares worth $131.8 million. - Cointelegraph
➡️ Tether and Bitfinex have jointly agreed to drop initial opposition to a Freedom of Information Law (FOIL) request lodged in New York by a number of high-profile news publications. - Cointelegraph
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-Tony