July 2018

Travis Thompson writes “The Taxman Cometh: Update on U.S. Enforcement Efforts to Regulate Cryptocurrencies” for the ABA’s YLD Tax Law Committee newsletter


The golden age of cryptocurrency has been stymied yet again. On May 12, 2018, IRS Criminal Investigation division Chief Donald Fort spoke to an early morning crowd of tax attorneys at the 2018 ABA Tax Section May Meeting in Washington, D.C. Fort’s message was simple, the U.S. government is ramping up its enforcement efforts related to cyber-related crimes, and the Criminal Investigation division considers cryptocurrency an “emerging and emerged-threat.”