[ransomnote]

There was a case by the same name but with a different defendent on April 1:

Court Authorizes Service of John Doe Summons Seeking Identities of U.S. Taxpayers Who Have Used Cryptocurrency
justice.gov ^ | April 1, 2021 | Department of Justice

Posted on 4/2/2021, 1:36:37 AM by ransomnote

[entropy12]

Great news! Now crypto cannot avoid sharing our tax burden.

[FLT-bird]

won’t people just go to foreign based exchanges which might not share their data with the IRS?

[Enlightened1]

They did it originally to Coinbase. Now they are moving to Kraken Exchange.

Of course they are looking for people that never reported selling crypto.

[faithhopecharity]

No probable cause. Unconstitutional

[sten]

the US govt only has financial domain over US dollars

expecting to collect taxes off transactions in other currencies is absurd. the US govt only comes into play once the currency changes to US dollars.

they might as well push for all transactions conducted in euros. which is stupid.

[AndyJackson]

"his John Doe summons is part of our effort to uncover those who are trying to skirt reporting and avoid paying their fair share."

I am not for tax dodging, but DOJ going all moral on us is rather hard to take for lots of reasons, like I see no evidence that DOJ has ever been in it for We the People.

If the government actually put funds principally towards socially beneficial activities [defense...] I would be all for fairness. But when it principally goes to augmenting the regulatory burden on all of us or the further profusion of critical race theory, etc., fairer distribution just means more revenue which means I am worse off, not better off because some rich scammer didn't enable them to hire more bureaucrats.

[ChronicMA]

They treat crypto like collectables. The difference is when you sell them you tend to “barter” for goods or services instead of taking cash, which makes it hard to track for tax purposes.

[Tolerance Sucks Rocks]

And Biden wants to give these people $10 billion a year more???*

*$80 billion dollars total for the 8-year-term of the infrastructure bill.

And what is this “income” stuff? Wouldn’t trading cryptocurrency be in the realm of capital gains?

[BobL]

Once they figure out that most of the Bitcoin types are Democrat voters, enforcement will drop, substantially.

[PubliusMM]

Sounds like a massive fishing expedition by a weaponized FedGov bureaucracy seeking to identify and locate wealth they want to confiscate.

[Travis McGee]

Trading in crypto by Americans will be banned when hyperinflation kicks in.

Feds will use sting operations and put people in prison.

[gattaca]

bmp

[Brian Griffin]

Your Honor:

Here is our hard drive. We have been told that the information that the plaintiff seeks is computationally unobtainable because of encryption.

[Jim Noble]

The beginning of the end.

[bitt]

p