Welcome to Tech Refresh with Kim Commando and France from Commander.com with a K. That's K-O-M-A-N-D-O. Gangs

all here, Kim, Allie, Ben. I'm Mike. We've got the news for you. But before we get started,

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And we're going to take a look at Prime Day this week a little bit later on.

As always, we get to the news and we start with Kim.

Well, we're going to start with crypto news.

And there's some big things that are happening.

First, the White House is about to double the size of the IRS.

Aren't we all happy about that?

So exciting.

Yay.

You know, that means like if this radio gig doesn't work out, we have a place to go, right?

And they're also going to require all cryptocurrency transfers of $10,000 or more be reported for tax purposes.

Whomp, womp, right?

But the other big news is that the U.S. Federal Reserve Bank

is developing its own digital dollar, their own cryptocurrency. And unlike all the other

cryptocurrencies, our digital dollar will be backed by the full faith and credit. Are you ready,

of the United States government? Okay, the downside. Well, any transaction that you make is instantly known to the government.

But when you think about this, how many transactions do you really make that aren't known to your credit card or the government anyway, right?

I mean, how many do you actually pay with for cash?

But the big question is when all this takes place.

The IRS cryptocurrency thing, that's happening now.

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