Yeah, but there is a separate regulation that marked BTC transactions as cash. And at every point those transactions pass 10,000, you have to report to the IRS in the form 8300.
They had deferred crypto transactions but the law is still there.
Discussion
Did not know that since I HODL only so far🙏
As written in another post. Any transaction exceeding 10,000 will be marked as taint without necessary paper work.
They have a bounty for Monero, because they hate the fact that their laws do not have any impact on Monero usesrs.
I hodl also. Watching & learning how the governments of the world fuck their subjects and alternative ways to end them (the government fuckers that is).
This will probably have to be settled in court, unless congress does something useful for a change. They can't have it both ways. It's either cash or a commodity. Not both. I'm not sure they actually have to power to unilaterally declare something to be cash or commodity, either. Especially after the Chevron Deference ruling.