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At the end of the day, whatever is decided when it comes to crypto loss or gain reporting by federal law, once reporting becomes mandated and done as with any other brokerage account, part of the benefits of Crypto go right out the door. Having to report your holdings to the IRS automatically makes what was an anonymous investment no longer anonymous. The only way crypto currencies succeed is staying out of the system entirely. Once regulatory capture occurs, the government will destroy the very benefits that made Crypto appealing.

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