Will Biden kill crypto in the US

These experts say yes

Dear Reader, Biden is proposing new crypto tax reporting rules.  Crypto experts believe that, under these rules, "there's no future for crypto in the US." A warning many crypto leaders have voiced for some time now.  Michael Sonnenshein, CEO of Grayscale Investments, has warned that the SEC's constant enforcement action will force crypto firms to flee to greener pastures outside of the country.  Brad Garlinghouse, CEO of Ripple, believes the crypto industry is moving away from the US.  Countries like Australia, the UK, and Singapore have much faster crypto regulation processes in place.  Now, crypto firms in this country have yet another hurdle to jump. What exactly is the issue at hand? The IRS, in an effort to catch crypto users avoiding taxes… Wants brokers to issue a new tax form to make filing taxes easier. While at the same time preventing tax cheating.  In effect, the new rules make digital asset reporting similar to reporting traditional market assets.  Leaders in the crypto space believe merging digital asset reporting with traditional assets will not work. Because the crypto ecosystem is so different.  Regardless of what the new tax rules may be… The important thing for crypto investors is to take gains from the market. Cointelegraph Markets Pro is the premier AI-powered crypto dashboard for investors and traders who want an institutional advantage.  Regards, Markets Pro Team © 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.