Jaiden Pokoski (J.D. 2024, Florida State), Note, Navigating the Complexities of Cryptocurrency Taxation, 51 Fla. St. U. L. Rev. 809 (2024):
In recent years, the once-new technology of cryptocurrency has developed from something completely unheard of into a mainstream method of digital payment. Cryptocurrencies and other digital asset technologies have evolved and diverged, creating a multitude of uses: from an alternative to government-issued currency to an investmentdriven digital asset in and of itself. The creation and development of these technologies have presented significant challenges for the Internal Revenue Service’s (“IRS”) enforcement of tax compliance. As it stands, the IRS views these cryptocurrency technologies as property and taxes them as such.1 This approach has allowed exploitation and tax avoidance to occur, and it needs a major overhaul.2 New technologies continue to emerge every day, and regulatory bodies must be able and willing to evolve with them, or they will become obsolete.






