In fact, this action is remarkably similar to a case that the Securities and Exchange Commission (SEC) has since dismissed. This is a pretty remarkable action to take given the rapid shift of the SEC’s regulatory posture. As a result, the agency agreed to drop its original case against the...
Is Oregon really this out of touch? Meanwhile, in Washington D.C., the realization is finally dawning that we could be missing out on billions – yes, billions with a B – of economic activity. In the meantime, the Oregon Attorney General is pursuing a misguided lawsuit against Coinbase that will...
Andrew Kang, the founder of crypto venture firm Mechanism Capital, has significantly increased his investment in Bitcoin, placing a $200 million long position on the cryptocurrency. He doubled down on his original $100 million wager. This daring move comes following the encouragement of former US President Donald Trump’s recent endorsement...
On April 9, 2025, a Dillsburg man, Scott A. Smith, pled guilty in federal court. He pled guilty to the willful filing of false individual income tax returns for the tax years 2021 and 2022. Special Agent Waylon Wilcox, Middle District of Pennsylvania. He pleaded guilty to hiding tens of...
The world of NFTs has been a rapidly growing space in recent years, presenting innovative new spaces for artists, collectors, and investors. This new digital gold rush holds great promise. It introduces a tangled maze of tax consequences that Americans are only now beginning to understand. BlockTraderHub.com is your resource...
The IRS is doing its job. No one argues with that. We can agree that they need to collect taxes, and that everyone should pay their fair share of taxes. When I see a case like Waylon Wilcox, who pled guilty to not reporting over $12 million in income from...
Waylon Wilcox, 45 of Dillsburg, Pennsylvania, recently pleaded guilty. In doing so, he avoided millions in taxes on his profits from CryptoPunks NFTs. This is not your ordinary run of the mill tax evasion case. It marks a significant new chapter in the growing tension between individual liberty and social...
A Pennsylvania preparer was sentenced to 6 years in prison after pleading guilty for preparing false tax returns. Waylon Wilcox, prosecutors allege, hid more than $12.3 million in CryptoPunk non-fungible token (NFT) sale proceeds as taxable income. Wilcox has been charged with intentionally underreporting his income and using fraudulent tactics...
Over the last few years, the landscape of NFTs (Non-Fungible Tokens) has taken off. This boom presents thrilling new opportunities for artists, collectors, and investors to take advantage of. However, this digital frontier comes with a complex web of tax implications that many are only just beginning to understand. BlockTraderHub.com...
The cryptocurrency market is always in motion, influenced by various factors ranging from technological advancements to regulatory changes and geopolitical events. Recently, the potential impact of China's seized Bitcoin holdings has become a topic of significant discussion. According to reports, Chinese local governments held approximately 15,000 BTC as of December...