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Meanwhile, other investors in the round included Dragonfly Capital Partners, TTV Capital, Collaborative Fund, Valar Ventures, Global Founders Capital, Table Management, and Album VC, among others. According to the firm, the funding demonstrates the shift of how Americans are looking at cryptocurrency when it comes to taxes and regulations.
The IRS released its guidelines for crypto-based tax reporting in October 2019, requiring roughly 150 million American taxpayers to answer the question whether they received, sold, sent or exchanged any virtual currency. According to some estimations, at least 12 million tax returns should contain some form of crypto investment.
