Figure co-founder: A certain exchange is still obstructing the passage of the CLARITY Act, the industry does not need to care about its opinion
Foresight News reported that Mike Cagney, co-founder and executive chairman of Figure, stated on Twitter that he recently received a 1099-MISC tax form from Exchange Custody showing $1,600 in income last year, while his three accounts at the exchange have a total balance of only about $10. After multiple unsuccessful attempts to resolve the issue with customer service, he was ultimately advised to "consult a tax advisor." He also criticized the exchange for still obstructing the passage of the CLARITY Act, stating that the blockchain industry no longer needs to care about their opinions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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