Mastodawn

Molly White Aug 6, 2023

pretty remarkable to see Coinbase making the argument that crypto is not like stocks, it's like baseball cards, American Girl dolls, or Beanie Babies

it's the future of finance! except when the SEC comes knocking, then it's just a harmless little toy, your honor

#crypto #cryptocurrency #coinbase

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Shoshana 🏳️‍⚧️Aug 6, 2023

@molly0xfff If crypto is a collectible, it would need to be taxed at the higher collectibles capital gains rate. It looks like collectibles would be taxed at 28% rather than the 15% capital gains rate that most people see on stocks/securities.

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Mara

@LilahTovMoon @molly0xfff Clearly it can only count as a collectible if there's exactly one hundred hidden all over the world, to find them all you have to either buy a map for real money or look up a guide on the internet, and the only reward for finding them all is an achievement.