Very bullish development. One of the last remaining obstacles to widespread Bitcoin/crypto adoption is the public sentiment of: "Bitcoin is only used by criminals."
This sentiment will continuously erode, accelerating in lockstep with the price of Bitcoin.
For those who thought they could outsmart the tax system, I have never understood how one could make this mistake. The entire concept of DLT is a public ledger, meaning it is visible to everyone at any given time, including the IRS who works hand in hand with organizations that manage the internet.