US Crypto Tax Policy Isn’t Just Crazy, It’s Cruel ByPerianne BoringPRO INVESTOR Updated: 19 September 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. There is something extraordinarily cruel, crazy even, in the IRS’s approach of treating virtual currencies as property for tax purposes.