Morgan Lewis partner Sarah-Jane Morin was interviewed by Tax Notes for an article about the US Internal Revenue Service’s (IRS’s) announcement that the receipt of new currency after a hard fork is taxable. According to the article, “hard fork” refers to a change in the software of cryptocurrency that creates two separate versions of the blockchain with a shared history. Sarah-Jane noted that the guidance is helpful for those looking at how the IRS would view “accession to wealth” from airdropped cryptocurrency after a fork, but it leaves questions regarding how the IRS may address an airdrop outside the hard fork context.