Filing your taxes properly (or at least, following the rules available) is always recommended.
The thing that many in the space dislike, including me, is that this is not just an issue of taxation but a complete breach on all of our crypto data.
For example, if you were to buy ETH on Coinbase, send it to your ledger wallet and then participate in DeFi apps, are we to believe that the government won't keep an eye on every little detail happening there? Transaction data, taxation, privacy.. it's all a bad spiral in my opinion.
I am all for following guidelines and paying taxes as needed, but a major part of crypto is privacy and personal ownership.. the government dipping their toes into all of our transaction history is a scary notion. I hope that we see continued developments on privacy coins/coinjoining/coinmixing protocols that allow us to take back more of our own data.
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