this post was submitted on 13 Nov 2024
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What crackdown? The SEC has only charged actual scammers and they've "requested information" from the legitimate players to figure out how to proceed. Other than some bad calls by sanctioning software, there's hardly been anything considered a "crackdown."
One thing that stopped me from using it is that every single crypto transaction needs to be reported on your US tax return due to the way profits from the coins are taxed in situations where the value increases. It is annoying to have to compile all the data. If that changes, I will probably start using crypto again.