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US: Buying Crypto with Fiat does not trigger Tax Reporting Rules as per IRS

blockchain.bakermckenzie.com/2021/03/08/us-irs-loosens-cryptocurrency-reporting-requirements-but-strengthens-enforcement-efforts/#page=1
www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
taxlitigator.me/2021/01/26/fincen-giveth-with-one-hand-taketh-with-the-other-by-confirming-virtual-currency-isnt-reportable-on-an-fbar-form-but-proposing-to-require-reporting-in-future-and-more-reporting-by-money-serv/
www.coindesk.com/irs-1040-faq-buying-crypto-with-usd
www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
www.wsj.com/articles/the-irs-sets-a-trap-for-cryptocurrency-tax-cheats-11601026202?mod=hp_lead_pos12
www.blockchainreportblog.com/2021/04/purchased-bitcoin-in-2020-irs-might-or-might-not-require-reporting-on-your-tax-return/
bit.ly/3t7vN3N