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Moreover, the Treasury Department may have missed federal tax revenue of up to $1.38 billion due to geoblocked airdrop income. Why It Matters: The SEC’s position on cryptocurrency airdrops has ...
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Dragonfly also arrived at an estimated tax revenue lost due to geoblocked airdrop income between 2020 and 2024, which it pegs at between $525 million to $1.38 billion in personal and corporate taxes.