The IRS says crypto is not a security: https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies https://www.irs.gov/businesses/small-bus

The IRS says crypto is not a security: https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies https://www.irs.gov/businesses/small-businesses-self-employe... You can create security instruments out of crypto, but that is not the same thing.