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TechFlow, July 24 — According to Forbes, despite significant legislative developments such as the GENIUS Act passed in July 2025 and the CLARITY Act already approved by the House of Representatives, the Internal Revenue Service (IRS) continues to classify cryptocurrency as "intangible property" for tax purposes, with no changes to the relevant tax rules.
According to Forbes, despite significant legislative developments such as the GENIUS Act passed in July 2025 and the CLARITY Act passed by the House, the Internal Revenue Service (IRS) continues to classify cryptocurrency as "intangible property" for tax purposes, with no changes to the related tax rules.
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