Would you really say
2) SEC statements
is FUD and has no influence?
Yes, because they may define a dividend paying token like a Lisk,
a security, thus it may need to be pulled from many exchanges. Most likely they will give exchanges a grandfather period to adapt and upgrade to allow securities.
IF they do that then we are all screwed on many coins in that AIRDROPPED FORKS like Bitcoin Cash BCH or Litecoin Cash LCC or any other forked coin would be a real mess...
at last count there are more than 20 BTC forks that payout...this would be ugly and a quick way to destroy crypto in the USA....as an example of above, I'd owe more than
$40,000 counting LISK in this from when the various forked coins worth hit the world (as an example BCH hit the world at $280 each) and of course the LISK staking and other
staking coins.
Everyone would have to sell main parts of main coin hoard of many crypto flavors....driving the price into the dirt for all coins, to catch up on if this stuff was suddenly taxable.
IRS guidelines in the USA as an example dumped on the world 10 days before April 15th, 2014, deadline and went back to 2009....pay asap, please
anyway, if LISK staking is a problem to the SEC then forks of $$$ falling out of the sky on to my many blockchains is also a problem ...indeed much bigger...
anyway, hopefully, I'm wrong...but that would toss quite the wrench into our plans for crypto..this worse case idea.(Hopefully my fantasy)
Yea, worse case, but one more thing to worry about. Hopefully the US gov will be happy with the tax revenue from crypto and be cooperative with regulation (which is what I expect).
From what I can tell.....murky as my view is....1/2 the tax folk in USA think LISK type STAKING is INCOME.the other threads I've read etc say NO...I did count lisk as income, as such in 2017 for taxes...my CPA said it was NOT..so I took it out
so toss a coin, remember nothing is clear tax wise in USA...the 2013 Tax Guidelines are pretty much it....and they are, as my CPA say, guidelines..not hard and fast solid rules yet.
As to the forked coins to my chain, that I had nothing to do with about $$$ on paper falling from the sky on to my blockchain address...er...my CPA says that LIKELY the IRS
will treat that as just ..I think she said like a 'stock split' and or growth ..so IF I don't spend any of it I"m golden
Everyone in USA is confused on how to follow tax law on crypto...it is very murky..this is why I spent $2k to the CPA last year, $775 for the taxes done..the other was guestions
on what to do with crypto and stuff like above....Main reason I paid the CPA this amount of $$$, was I damn well want to explain to SOMEONE, like a CPA what I'm doing and have
them think it is reasonable and also sign off on my income tax forms....(it is so lonely otherwise) ....so at least I can show my INTENT is good..even if they say someday I owe something...
or some such...it is quite the cluster