If Levitin is right, and, more importantly, if the U.S. Securities and Exchange Commission (SEC) shares his view, exchanges that list ether (and that would be nearly all of them) would be subject to more onerous regulatory requirements. Like the bitcoin cryptocurrency, ether has until now been treated as a commodity, outside the SEC’s jurisdiction.
IRS Unveils U.S. Tax Form Your Broker May Send Next Year to Report Your Crypto Moves
"Brokers must report proceeds from (and in some cases, basis for) digital asset dispositions to you and the IRS on...