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A comment on US SEC sues Coinbase, one day after suing Binance. Parent comment

Re:US SEC sues Coinbase, one day after suing Binance by WoahNoun on Tuesday June 06, 2023 @11:56AM (#36214780)
> We don't tax people on the FMV of gold when they dig it out of the ground.

The IRS considers found gold to be gross income and taxes are owed on it.

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Re:US SEC sues Coinbase, one day after suing Binance by whimsicalism on Tuesday June 06, 2023 @12:28PM (#36215254)
Dig out of the ground != found gold, look at the caselaw
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