Patrick Wilson, General Counsel at the Solana Policy Institute, joined me to discuss the need for crypto tax legislation, the Parity Act, the Clarity Act’s passing timeline, and much more.
Get to know Patrick:
- Metaverse – Relaxation themed
- Favorite food – Carrot Cake
- Favorite musician/artist – Taylor Swift
- Favorite Movie – Pan’s Labyrinth
- Favorite book – Their Eyes Were Watching God by Zora Neale Hurston
- Hobby – Trying new restaurants in NYC
Topics:
- Crypto tax legislation (Parity Act)
- IRS approach to Crypto
- SEC & CFTC guidance
- Important of the Clarity Act
Links:
Watch the interview
Listen to the interview
Timestamps
03:13 Patrick’s background
10:49 Crypto taxes complexities
12:32 Crypto staking taxes
15:30 Tax legislation
23:30 DeFi tax rules
26:21 Institutions tax obligations
27:32 Parity Act
29:27 Treasury guidance
31:00 SEC & CFTC guidance
35:50 Tokenization
37:58 Taxes on Global Transactions
41:35 Banks vs Stablecoin yield
47:29 Wrap up questions
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