> 10 to 30 minutes seems a lot closer to how long it takes for a stock sale to go through on E-Trade so I can see why the IRS would classify it more like a stoc

> 10 to 30 minutes seems a lot closer to how long it takes for a stock sale to go through on E-Trade so I can see why the IRS would classify it more like a stock than currency. weird analogy. stock sales take 3 business days to go through, and the proceeds take another 3 business days to be spendable in a different checking account at a different institution. the securities regulator is trying to get stock sales to get down to 2 and 1 business day. brokers like e-trade hide most of this behind the scenes, and you can certainly "sell a stock" in a few seconds on etrade. So not sure why it takes you 10-30 minutes?