Bitcoin News Roundup: FedNow, RFK Jr, BlackRock, Halving Countdown, Worldcoin & More (July 26, 2023)
THE Bitcoin Podcast
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The Fed's Expansion of Section 6050I of the Tax Code
Coin Center's case challenging Congress' expansion of Section 6050I of the tax code was dismissed a few days ago. On January 1, 2024, this law will require anyone receiving crypto or Bitcoin payments, greater than $10,000 to report the transaction to the IRS and government. The Fed is clearly trying very hard to convince people that they aren't trying to get rid of cash or implement a CBDC.
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