Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

US Congressman: If cryptocurrency becomes currency, it means tax laws will never be enforced

CointimeCointime2024/05/23 00:38
By:Cointime

US Congressman Brad Sherman (Democrat from California) stated that "the long-term goal of cryptocurrency billionaires is to create a new currency, and they have given it a good name. The literal meaning of cryptocurrency is hidden money, and if it becomes a currency, it means that we will never be able to enforce our tax laws."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!

You may also like

The Daily: Binance launches pre-market spot trading, Caroline Ellison gets sentenced to two years in prison, Hamster Kombat teases roadmap and more

Binance has launched a pre-market spot trading service that uses “actual tokens.”Former Alameda CEO Caroline Ellison was sentenced to two years in prison for her role in the collapse of FTX.Hamster Kombat teased token buybacks, NFTs and the launch of a web app ahead of its highly-anticipated airdrop.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The Block2024/09/25 17:51

Friday's end-of-month bitcoin options expiry could trigger significant market volatility: Deribit

Friday’s end-of-month bitcoin options expiry could significantly impact market volatility, according to Deribit CEO Luuk Strijers.Major cryptocurrencies, such as bitcoin and ether, have traded flat over the past 24 hours.

The Block2024/09/25 16:44