This seems relevant if you sell crypto on Coinbase/GDAX. Selling (even if you buy some other crypto right away/trade) is the taxable event and it's just normal

This seems relevant if you sell crypto on Coinbase/GDAX. Selling (even if you buy some other crypto right away/trade) is the taxable event and it's just normal to pay taxes on that in the USA. Aren't financial institutions required anyway to send that info (especially above 10K) to the IRS? What makes this special? Or is there something else I'm missing? What if someone parks cash in USD at Coinbase. Does Coinbase pay you interest? If so, again taxable and coinbase should send a 1099. Would all seem pretty straight forward...