If you care about crypto, it’s time to prove it
The IRS is introducing new regulations that would track every digital transaction, including your morning coffee. This isn’t just limited to crypto; it encompasses NFTs, stablecoins, and your digital privacy.
Here’s the crucial point: The IRS anticipates a substantial surge of at least 8 BILLION crypto returns. To put this into perspective, in 2022, the IRS processed 5.45 billion total returns.
Act Fast — the comment period to voice your opposition to the IRS is closing this Monday, the 13th. Take action now to safeguard your digital rights.
I am unsure whether anyone who is not a US citizen cares two hoots about “what the IRS is going to do”. Where do they get off ruling the entire planet?
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How are they going to accomplish reviewing this insane volume of returns? The recording keeping for crypto is not user-friendly, and unless every crypto holder plans to sign up for a crypto tax service, the 8 billion returns will create a major headache for the IRS.
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Last week was an incredible demonstration of the power of crypto voters. In ‘Super Tuesday’ elections across the country, crypto owners and voters made their voices heard across the country, making a loud enough noise that even the traditional media noticed. And Stand With Crypto was there pushing hard for crypto; we hosted a get-out-the-vote rally in Los Angeles with legendary rapper (and crypto enthusiast) Nas.
We don’t agree with all the framing in these pieces, but it’s a testament to the power of your voices that politicians are starting to notice that crypto matters.
Here are some of the stories:
FAST COMPANY: Crypto was a big winner in the Super Tuesday elections
On Super Tuesday, where voters in 16 states and 2 territories went to the polls, crypto’s boosters collected their first big wins of the cycle, especially in the contested Democratic field for the open U.S. Senate seat in California.
POLITICO: One Super Tuesday winner: The crypto industry
The PACs also spent more than $1.7 million backing Shomari Figures, a House candidate in Alabama who finished on top of a crowded field of candidates running to represent a redrawn district in the Montgomery area. Figures will advance to a runoff next month against Democratic state Rep. Anthony Daniels.
New York Times: Crypto Super PAC to Target Races in Ohio and Montana That Could Swing the Senate
Stand With Crypto organized an election eve rally in Los Angeles with the rapper Nas and the Coinbase chief executive Brian Armstrong.
Even though Super Tuesday has passed, there’s still a lot of elections coming up – and things you can always do to raise your voice:
THE BIG NEWS
This is a huge moment for crypto in America – Congress is considering major legislation that would protect consumers and help crypto thrive in America by providing clear rules and guidelines for the growing blockchain industry. We need you to take action NOW –
EMAIL YOUR MEMBER OF CONGRESS
The bill is called the Financial Innovation and Technology For the 21st Century Act (FIT21), and it contains numerous provisions that would help crypto grow in our country while providing protections for investors and consumers. You can read our one-pager with information about FIT21 here.
Here’s where you come in: members of Congress need to hear from the crypto community about how important this legislation is. Luckily, we make it easy:
Click HERE to be taken to an easy form where you can enter your address and send an email to your member of Congress.
Click HERE to be taken to a simple page that helps you call your member of Congress and leave them a message about where you stand.
Every single action counts. When we raise our voice, we win. The time to act is now.
Email now. Call now.
ACTION HUB
With Congress still considering the major pro-crypto Financial Innovation And Technology For The 21st Century Act (FIT21), it’s never been more important to make your voice heard. Click the links below to email or call your member of Congress with our easy tools!
Email Your Member
Call Your Member
U.S and their regulations man, always against financial freedom. I find no problems with this and doing just fine in the EU.
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These control freak government officials, they will take everything from us if they could.
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The land of the free, must be a joke
Do Americans really have financial freedom?
