I have been under audit for crypto trades. (It’s very amicable and I am not a scofflaw). Trust me…the Fed’s have learned a lot about how to track crypto. Anyone thinking they are going avoid taxes on crypto sales…they are nuts.
I had a debate with them today about how many decimal places things should be counted. Bitcoin is 8. They want to see things to 12. It’s maddening.
Just yesterday I heard a crypto analyst explain how the US Dollar is the most popular form of payment for people involved in criminal activities.
He went on to say that it would be a very stupid criminal nowadays to take/make payment in Bitcoin or crypto.