Elizabeth Warren is proposing legislation for mandatory reporting to the IRS for holdings of $1,000+ in crypto AND a 1% wealth tax on holdings of $500,000+ 😂 
Discussion
Audit the Fed or you're a fucking hypocrite is what I say.
Can someone please redraw this meme as Liz Warren?
SHE KEEPS PUTTING OUT THE BANGERS
This has to be satire. Are these politicians really this stupid?
Reporting of ANY amount of crypto holdings is compulsory by law in Spain. So far, just holding is not taxable, but obviously if they want to know, it's because they intend to tax, eventually.
Also obviously, the obligation to report opens the door to fining people for not doing it, or for doing it "wrong", which is also a significant source of revenue, especially now that all centralized exchanges snitch on their clients, and all bank transactions are also recorded and reported by banks.
She has such a good track record getting her proposed bills passed! 🤣