Taurus4BTC on Nostr: The SEC says Bitcoin isn't a security. Congress wants to tax it like one anyway. Gary ...
The SEC says Bitcoin isn't a security.
Congress wants to tax it like one anyway.
Gary Gensler, the most aggressive SEC chair in history, called Bitcoin a commodity. Not a security.
Bitcoin is a commodity under federal law. But the Parity Act treats it like a stock.
The result is every Bitcoin transaction becomes a taxable event. Buy coffee with Bitcoin? Capital gains. Tip someone? Capital gains. Spend it like money? Tax event.
That's not regulatory clarity. That's regulatory sabotage.
Tax it like a commodity, it works as money. Tax it like a stock, it becomes unusable as money.
The inconsistency is the point.
Published at
2026-03-28 02:08:28 UTCEvent JSON
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"content": "The SEC says Bitcoin isn't a security.\n\nCongress wants to tax it like one anyway.\n\nGary Gensler, the most aggressive SEC chair in history, called Bitcoin a commodity. Not a security.\n\nBitcoin is a commodity under federal law. But the Parity Act treats it like a stock.\n\nThe result is every Bitcoin transaction becomes a taxable event. Buy coffee with Bitcoin? Capital gains. Tip someone? Capital gains. Spend it like money? Tax event.\n\nThat's not regulatory clarity. That's regulatory sabotage.\n\nTax it like a commodity, it works as money. Tax it like a stock, it becomes unusable as money.\n\nThe inconsistency is the point.\nhttps://blossom.primal.net/7148a2a6906aa00881202ab492ccb3fcd720072d19b01e1b642391a46b675482.jpg",
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