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Are crypto investors about to pay more taxes? Frank Holmes on gold, metaverse, IRS

Kitco News

Congress may be about to enforce crypto brokers to submit more client information to the Internal Revenue Service.

This comes as the new Senate Infrastructure bill contains language that could affect crypto investors in the U.S., while being vague about what constitutes a “broker.”

Frank Holmes, CEO of U.S. Global Investors and executive chairman of Hive Blockchain, discusses the ramifications of this Infrastructure bill with David Lin, anchor for Kitco News.

For Holmes’ views on the upcoming metaverse, as well as gold’s price action, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.