Podcast

The US Government is Trying to Kill Crypto | Miller Whitehouse-Levine and Jason Schwartz

How you can save DeFi in less than 5 minutes

Oct 24, 2023 • 1 min read

We need to stop the US from killing crypto. The new IRS proposals could effectively destroy DeFi and other crypto use cases.

The good news? We can change this. 5 minutes is all it takes to leave a comment and get the interpretation delayed.

In this episode, we bring on Miller Whitehouse-Levine of the DeFi Education Fund and tax lawyer Jason Schwartz to discuss the proposed rules and their catastrophic implications.

Timestamps

0:00 Intro

6:30 Miller and Jason

8:15 The Broker Laws

15:30 Proposed Regulation

20:50 Endgame Oversight

26:00 They Hate Crypto

31:00 The Comment Process

36:40 New Crypto Tax Tools

42:00 So What Happens…

46:30 Pressuring the Departments

50:50 How We Can Win

56:20 What We Have to Do

Resources

Miller Whitehouse-Levine

https://x.com/millercwl?s=20

Jason Schwartz

https://x.com/CryptoTaxGuyETH?s=20

Get Involved

https://x.com/LeXpunK_Army/status/1713186443445629429?s=20

https://x.com/CryptoTaxGuyETH/status/1695603888957641154?s=20

https://x.com/fund_defi/status/1713929569030275285?s=20

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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