Is government going to regulate cryptocurrency? Under a potential new law that has been considered by lawmakers, companies that facilitate crypto trades would be required to report tax information about those trades to the IRS (just as brokers of traditional investments like stocks do) starting in the 2024 tax season.
Does cryptocurrency have legal tender? While you can pay for some goods and services using cryptocurrency in the US, cryptocurrency has been accepted as legal tender.
Is U.S. banning crypto? SEC Chief Says the U.S. Won’t Ban Cryptocurrencies.
Can the U.S. government seize Bitcoin? The nature of Bitcoin transactions and the security measures in place make it impossible for the government to freeze your assets. No local or international governing authority can seize your digital assets. Bitcoin technology has various security features, keeping unauthorized users out of your digital wallet.