IRS Warning: The Taxman Cometh – For 'Billions of Dollars' Worth of Crypto
America’s central tax body, the Internal Revenue Service (IRS) has stated that it expects crypto worth billions of dollars could be seized again next year. Bloomberg quoted the IRS Criminal Investigation Chief Jim Lee as...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bloomberg quoted the IRS Criminal Investigation Chief Jim Lee as stating:
“I expect a trend of crypto seizures to continue as we move forward into the fiscal year [FY] 2022. We’re seeing crypto involved in a number of our crimes as we move forward.”...
Read More: IRS Warning: The Taxman Cometh – For 'Billions of Dollars' Worth of Crypto
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin moves 600 BTC after 16 years of dormancy
Dormant Bitcoin movements, even without selling intent, can trigger market anxiety and short-term volatility due to psychological...
Satoshi-era Bitcoin wakes after 16 years of dormancy as 600 BTC moves
Whale Alert identified 12 mining rewards totaling 600 BTC that moved after 16 years of dormancy, with the onchain tracking platfor...
Ripple partners with University of Florida for multi-year branding deal worth $5M annually
Ripple's partnership with the University of Florida highlights crypto's growing influence in mainstream sports and education, sign...
Dormant Bitcoin Wallets Continue to Stir as $50M Moves in September
With bitcoin trading between $76,000 to $82,000 this past week, during the first five days of September, a total of 626.74 BTC wor...
Ripple CEO, Brad Garlinghouse, Calls CLARITY Act Within Reach as XRP Runs
Ripple is trading around $1.44, following a volatile week that saw the token rebound sharply from the $1.31 area and briefly appro...
The $63 billion revolving door carrying the entire US Bitcoin ETF market
Bitcoin's best and newest large buyer has no face, no investment committee, and no public opinion about whether the price looks ch...