@jakeclaverqfop: Wrapping Bitcoin on Ethereum to get WBTC is a taxable event in the US today. The gain between your cost basis and current price is due at time of wrap. The UK recognized this as irrational and their 2027 legislation makes liquidity pool contributions non-taxable. The US has not caught up. DAG structured their fund contributions to avoid triggering this for clients through proper legal structuring. Consult a tax attorney before wrapping any appreciated crypto asset.

Jake Claver

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Tuesday 08 September 2026 00:31:54 GMT