Milton Garrett

Milton Garrett

This new benchmark, created by CCData in partnership with CCRI, provides a framework for assessing the ESG risks and opportunities associated with 40 of the largest, most liquid digital assets, over 11 core categories of evaluation. Crypto use has increased quickly among U.S. households, but the amounts invested for most people are relatively small. Despite the relatively modest overall exposure, a small subset of the population may have substantial financial risk to further crypto market declines. About 15 percent of crypto users have transferred on net over one month’s worth of take-home pay into crypto accounts, making them more vulnerable to the greater than 50 percent decline in crypto-asset prices observed since their peaks in late 2021.vii Neither gifting cryptocurrency to a friend nor donating cryptocurrency to an eligible charity are taxable events, but donating the crypto may have an additional tax advantage - depending on your situation, you may be able to claim a charitable deduction on your tax return for donated crypto. Learn more about donating or gifting crypto and its potential tax implications here.

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