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Welcome to The Node! This is Ben Schiller to take you through the latest crypto news.
In today's news: SEC Forms New Crypto Task Force Spearheaded by Hester Peirce; Ethereum's Vitalik Buterin Goes On Offense Amid Major Leadership Shake-up; Circle Enters Tokenization Race by Acquiring Hashnote; Smart Valor May Sell the Company
The Takeaway: The IRS recently introduced a new rule stating that investors must use wallet-based cost tracking. And it’s likely the first of many such changes around the world, says Robin Singh, founder and CEO of crypto tax platform Koinly.