The IRS has increasingly focused its attention on cryptocurrency transactions in recent years. For federal tax purposes, cryptocurrencies are classified as intangible assets, and as such, are subject to capital gains tax rules. Realistically, there is little room for avoiding taxation through loopholes or non-reporting.

While the current administration has shown greater openness toward the crypto sector—and may eventually propose tax incentives or regulatory reforms—such measures remain speculative for now. Investors should proceed with caution and ensure full compliance under existing rules.