I don’t think either the IRS or SEC can raise taxes. They can enforce regulations within their purview, and they can be corrected if they step out of that. But neither organization sets tax rates or even tax policy. If they move to enforce regulations within their purview in a way you don’t like, by all means complain about that. But making up magical powers they don’t have is a bridge too far. I didn’t downvote you, but that’s my critical take.
if you don't want to be down voted, don't say "I'm not a crypto guy" and then proceed to write an essay on a news article about crypto
You have to report any foreign holdings over $10k to Department of Treasury yearly. See FBAR.
And again we have someone asserting this is about vanilla crypto and not staking.