Thegrio Politics
@thegriopolitics·150K subscribers·8.3K videos
The Ins and Outs of Investing in Cryptocurrency
Posted
August 5, 2021
Views
444
Likes
22
Comments
13
Engagement
7.88%
August 5, 2021
444
22
13
7.88%
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6:35Now PlayingThe Internal Revenue Service has seized more than $1 billion in cryptocurrency in this fiscal year that ends in September.
Cryptocurrency is a large and popular stream of revenue, and the new infrastructure bill includes a tax on the currency. It is estimated it could bring in $28 billion to help offset some costs. Charles Kelly, a CPA, podcaster and crypto enthusiast, joins "Start Your Day" with guest hosts Shannon LaNier and Bofta Yimam to discuss cryptocurrency from a consumer's perspective. Kelly says you can legally be taxed on crypto even though it is not a U.S.-based currency.
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