Boebert accuses IRS of making “cryptocurrencies their number one enemy” because “they don’t have their hands in it”

Saturday, Rep. Lauren Boebert tweeted “the IRS & Federal Reserve are now making cryptocurrencies their number one enemy.”

“They can’t stand the fact that for once the people are truly making out well with something and they don’t have their hands in it,” she added.

The Treasury Department said in a recent release.“Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion.”

“This is why the President’s proposal includes additional resources for the IRS to address the growth of cryptoassets,” they added. “Within the context of the new financial account reporting regime, cryptocurrencies and cryptoasset exchange accounts and payment service accounts that accept cryptocurrencies would be covered. Further, as with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on.”