Does anyone know if the 43.2% capital gains tax will apply to crypto trading?(serious)

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However, when you go and take those short term gains on an exchange, if the gains are realized in a stable coin like USDC, then you are rolling into another crypto asset, so technically, no gains realized, no taxes. Right?!?!

If instead those gains are transferred back to a bank account at your local credit union (because everyone in the USA needs to move their money to a Local credit union ASAP, seriously!!!) then you will have to report and pay taxes?!?!

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