[awrence]

The burden seems to be on the business side here. So I'm not sure what changes tax wise for end users who were using centralized exchanges to monetize their holdings. If they weren't assuming the IRS was monitoring everything they were doing to begin with they were fooling themselves.

It'd be interesting to see though if you opened a lightning channel with an exchange and transferred funds back and forth to yourself millions of times. Seems like that would create infinite spam and flood these reporting requirements.