Tax • December 13, 2024, 5:38AM EST Published 1 minute earlier on Quick Take An Austin, Texas, man received a two-year prison sentence for falsely underreporting capital gains earned from selling $3.7 million in bitcoin. The case is the first criminal tax evasion prosecution centered entirely on cryptocurrency. An Austin, Texas, man received a two-year sentence for falsely underreporting capital gains earned from selling $3.7 million in bitcoin — marking the first criminal tax evasion prosec...