In my view, the IRS *should* have treated it like a digital currency. That would have been fairer for miners.
But since but the CFTC (and now the SEC) both say it’s a commodity. The IRS should do the same so there’s agreement and consistency.
And the IRS should remove the double taxation that miners pay: currently once at the time Sats are mined, and then again when exchanged for fiat. That’s crazy. You don’t tax a gold miner for every scoop of earth they excavate, and then again when they sell the refined metal at market prices.
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