The parasite infestation is called government.

The treasury is calling for more cryptocurrency regulations. You would think that they will create rules to make this business a secure one or establish regulations that will make the setup of new business much more accessible within the United States.

Nope, regulations are not for you, the citizen, to benefit from or to have a better foot within US borders. If you read carefully, their law only means that they want to tax you more and more until you finally realize you are a slave, and hopefully, by that time, you won't have any penny to do something about it. A penniless enslaved person is just an obedient enslaved person.

The Treasury Department has announced that it is taking steps to crack down on cryptocurrency markets and transactions and said it would require any transfer worth $10,000 or more to be reported to the Internal Revenue Service.

"Cryptocurrency already poses a significant detection problem by facilitating illegal activity, including tax evasion," The Treasure Department said. And added: "This is why the President's proposal includes additional resources for the IRS to address the growth of crypto assets," the department added.

But there is a far more damaging tax which is called inflation. The Federal Reserve first decreases the interest. Those with enough capital already can lend at minimum rates and use that money to buy tangible assets in the real world and sell just before the Fed decides to decrease those same rates. By the time the Federal Reserve, a private bank, decided to increase rates, all the rich people were out of assets and just waiting for the news to buy on the cheap because probably the rich got a heads up under the table. The regular citizen doesn't have enough knowledge to understand how the banks' first inflation and deflation rob the citizens of their private property. And as such, taxation is yet another tax.

They want more taxes, and they think that by taxing you out of your Bitcoin or any other asset, somehow, they will protect you and prevent market manipulation. It is BS because raising your taxes is the only thing it does. It gives investors more headaches, and they think that taxing you more somehow will help legitimize the crypto industry. It is just adding literately insult to injury, and we are going to pay taxes so that the government will make it legit. In that case, I would prefer that the whole crypto market remains not legit.

Americans can't use Bitcoin or Bitcoin Cash as a peer-to-peer currency because the government has said that each movement of your cryptocurrencies is a taxable event. So law-obedient citizens won't spend their satoshis at any local stores to avoid more taxes headaches.

Their taxes laws and proposals now count on exchanges to report your activity to the IRS. Exchange houses are becoming the following big banks, becoming the gatekeepers for the government to collect taxes.

If you have to pay 40% capital gain taxes, a portion of the market will move underground, and I do think that the market is going that way the more you can keep less of your money.

What I am saying is start buying that asset that you think will be the future of payments and the ultimate peer-to-peer currency and store of value and buy it with cash without anyone else knowing that you purchased it and move on. If you have nothing, the IRS can tax you nothing. I guess that was the phrase I heard recently "you will own nothing, and you will be happy." I suppose you will own nothing, and you will be happy because no one will know what you own, and as such, you owe nothing to anyone.

I have no problems paying taxes, and I have been paying them every single time, but here is where taxes will take an unholy turn for the worst.

In case you haven't noticed government is here to take your money and distribute it back into society in a deficient way that will, in the end, make you poorer regardless of how much you produce. After all, parasites don't produce anything and kill the host if the infestation is not controlled.