Federal judge rules cryptocurrencies can be considered securities

Although this is a criminal case, it certainly sets the scene for precedent law on civil cases involving SEC Rule 10b-5. (securities fraud)

I imagine it will take a year or two for the IRS to create clear guidelines on these taxable events, but when they do, be prepared to pay.

The IRS already treats cryptocurrency as property, so it's best to up front about it.

(This is NOT investment or legal advice.)

https://thehill.com/policy/fin...onsidered-securities

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