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🚨 Crypto Tax Alert: Biden Admin’s New Rule 📊
• DeFi platforms, stablecoins & NFTs must report user activities
• Starts 2027
• Aims to prevent tax evasion
• Legal challenges claim overreach
• Congressional review pending
Previous law: Self-reporting of crypto gains/losses
Crypto world, brace for change! Thoughts? 🤔
#CryptoTax #DeFi #Regulation