2018-6-22 02:50 |
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Thursday marked a historic day for bitcoin, as the flagship cryptocurrency made its first appearance in an opinion published by the US Supreme Court.
Rather, it examined whether employee stock options represent taxable compensation under the Railroad Retirement Tax Act of 1937.
First mention of bitcoin in a U.S. Supreme Court case today in J. Breyer’s dissent in Wis. Central v. U.S. At issue: are stock options are taxable “compensation” under the Railroad Retirement Tax Act.
While Thursday marked the first instance of the word “bitcoin” being included in a Supreme Court opinion, it’s unlikely to be the last.
In fact, cryptocurrency’s perceived association with drug trafficking and other criminal activities could make a prominent appearance in a case whose petition is currently pending before the Court.
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