Our response to a recent editorial from Bloomberg on Congress’s crypto tax proposal

38 · Coinbase · Aug. 20, 2021, 11:04 p.m.
By: Lawrence Zlatkin, Global VP of Tax, CoinbaseAs Global Head of Tax for one of the largest crypto exchanges, while I appreciate the Bloomberg Editorial Board’s perspective on the crypto tax provision in the Senate infrastructure bill, I would like to respectfully offer the following critique from a real-world actor in the crypto space. I disagree with the timing and need for the unexpected and new crypto tax provision in the bill and how it was drafted. The best first step would be to issue re...