If you don't declare your crypto holdings and the capital gains, that is CRIMINAL TAX EVASION. Think long and hard about that and don't for one minute think your amateurish ways of "hiding out" are safe and secure.
All is taken care thru Coinbase.com which important into turbotax.
Mine and hold. No one can tell the future but Biden admin will encourage crypto.
I was a crypto account Manager for nearly eight years at State. I could not imagine the ability to amass so much processing power to solve computations. Last year I pitched an American coin to several friends who work at an intel agency... to harnass millions of mining rigs in public sector to hack other nations communications. Modeling on the current mining techniques it would pay miners with crypto and further Fund Black Budgets.
Yellin proposed or mentioned she was open to a wealth tax, but holding crypto is not a crime.
When you cash it in you need to declare the buying price to establish the cash basis to calculate the capital gains tax, but that is what you are suppose to do with any commodity or asset.
Just like a painting you buy and it gains value. You don’t deed to declare anything until the point you cash it out as I understand it.