kevin

DONT CASH OUT FROM EXCHANGES. Here’s what most don’t get: Until you withdraw to a bank - there’s no “income” In most countries, crypto held on exchanges or wallets is just an asset You only owe taxes when you realize profits No withdrawal = no taxable event So just use crypto cards Buy cars, homes, pay bills with crypto directly There are services for that in most countries now And you’ll never need to send a cent to Uncle Sam

The argument isn’t about the tax revenue, it’s the concept that newly created property shouldn’t be taxed when you receive it but rather when you realize a financial gain. Comparing that to accountants getting paid upfront doesn’t quite fit as their work is a service, not asset creation.

Sen. Elizabeth Warren (D-MA) asks Kramer about de minimis to avoid reporting transactions under $300 and if taxpayers have to report transactions in gold under $300. This is "$5.8B tax boost for crypto investors." Warren then asks if miners and stakers will pay less in taxes than accountants. Asks Nellen if business receives over $10,000 in cash, they have to report to FinCEN. Asks if elimination of 6050I would make it more difficult for law enforcement to identify illicit finance. Nellen says difference between cash and crypto is cash customer is right in front of you. Warren says crypto industry wants to pay less in taxes and make it harder to track illegal transactions. "Same basic transaction, same risk, same rules."

LIVE tweeting Senate Finance hearing on Examining the Taxation of Digital Assets...

@big_duca Solana support is *chefs kiss*

I get asked why Awaken is better than X competitor every day. The main thing it comes down to: If you want to use a product that every single time you open it up. Something is improved. You should use Awaken. Crypto taxes are insanely hard. Our codebase is ~1M lines for a reason. And we maniacally focus on improving it to make taxes stress free. Most of our competitors have sat on their hands. Milking you for dollars. If you want to use a product built by people who genuinely care. That’s us.

@0xiamnico @Route2FI Depends who you ask, everyone has a different take on whether these types of events are taxable or not

@Route2FI Wrapping does not count as a taxable event. Both represent yield bearing ETH. That will be 800$ sir, ty.

I have a spot $ETH position in profit that I would like to use as collateral to borrow stablecoins. The problem as I see it is that on AAVE my stETH becomes astETH before I can borrow and it is per definition a taxable gain. Ideally I would shield my ETH, by not taking profit and instead borrow against it (ofc hoping that $ETH will increase more). Is there any solution here or any other protocols that have solved this?

@the_weso 👀

Its $42M now

Robinhood up 11% today Building on Ethereum is good for your stock price

happy Permissionless week to those who celebrate

@leolanza Looks familiar

🚨 JP Morgan is FUDing Ethereum… while quietly building on it. • ETH upgrades “failed”? 🤔 • They’re launching a stablecoin • Using Ethereum tech behind the scenes • Meanwhile: – Robinhood building on ETH – 401(k) crypto access expands – Stablecoins are booming

@digitalartchick 🤦🏻‍♂️

My accountant thinks I'm joking about Fartcoin 😭😭😭😭😭

I’ll be home tomorrow night. Hopefully I get home before Ethereum does

Stablecoins should bring value and liquidity to the ecosystem, not extract. That’s why @withAUSD will be the Agglayer stable. 📽️ @Nick_van_Eck

@jassification Awesome 👏🏼

Happy to announce I am joining OpenAI Web3 team for building stable coin payments for OpenAI agents.

@naiivememe If you're receiving payouts from FTX or any similar situations, make sure you're recording these properly on your taxes to avoid under (or over) paying

BREAKING: FTX start repaying today, If you have 1 BTC you ll get 18K, price in 2022, If you have 1 SOL, you get $15. Me with Ethereum in FTX and still get full $1700, same price in 2022 :

@benjamincowen 😟

we had a good run folks

To the Beefy DAO, Annual Report 2024 is out with 30 pages of transparency 📑beefy.com/articles/2024-… 2024 was a banger for Beefy—CLM products crushed it, revenue spiked, and we flexed our DeFi dominance. Dropped on 10 new chains, shelled out $1.55M in governance incentives, and hooked users up with $637K in boosts. Shipping fast keeps us winning. 2024 Highlights: • Total Revenue Generated: $4,996,449 (+67.8% YoY) • Treasury Strategy Income: $2,879,330 (+77.8% YoY) • Non-strategy Income: $485,208 (-12.8% YoY) • Governance Incentives: $1,551,702 (+100.8% YoY) • Adjusted Net Income: $467,907 (up from -$76K ‘23) • Net Assets: $7,326,832 (+$1.08M YoY) Shoutout to the Cowmoonity—y’all made 2024 epic. Keep farming those yields.

@0xKeef lol what didn’t you like about it? I’ve been thinking about getting one

@Crypto__Kevin I owned one 😂

I dislike Tesla because they are electric and lame You dislike Tesla because of Elon We are not the same