I think the reasons are growing for renouncing my US citizenship once I have an Aussie passport. The compliance burden of earning money, holding foreign bank accounts and operating a trust overseas as a US citizen is ridiculously excessive. They demand under threat of violence to know every detail of your financial situation in order to enforce their draconian laws.

So yeah, I feel pretty much like you do.

Thankfully, so far, as I understand it, Australia has determined that crypto, in general, is a capital gain asset and that the tax event occurs when converting back to fiat. But the more crypto is used as money and accepted as payment, this will likely change.