Saturday, August 07, 2021 8:18:32 AM
Tesla backed off and they were the Headline Show. Starbucks would be the one to watch.
Biden's infrastructure Bill is stalled because of the haggling over Crypto and taxing it. If they are having such a hard time on capital gains taxes, I imagine sales taxes would be even worse.
Currently, crypto is considered an asset, the same as Art. It's not identified as a currency.
Think of Art Paintings as off line Wallets. Yellen and the Feds want to know where the wallets are and how much is in them. Crazy since bitcoin is global.
The good news is that once they get through this hurdle, it would make Crypto more legitimate in the eyes of the Federal Government. Capital Gain reporting is the first step.
One of the Alt Coins eventually might get a Currency status, but I don't see it.
Payment processing is just a feature for Voyager. Trading is their bread and butter.
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