![Why-Crypto-Should-Modify-the-Section-6050i-Tax-Change-Not.jpeg Why Crypto Should Modify the Section 6050i Tax Change, Not Fight It](https://cryptotoptrends.com/wp-content/uploads/2021/11/Why-Crypto-Should-Modify-the-Section-6050i-Tax-Change-Not-678x381.jpeg)
The best way to resolve this problem would be to break the category “digital assets” up into three types: stable digital assets (stablecoins and LTDA), non-stable fungible coins (bitcoin, ether, dogecoin, etc) and non-stable non-fungible coins (NFTs). The monetary threshold for triggering a Form 8300 reporting requirement, currently set at a flat $10,000, should be indexed to the type of digital asset.
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