The reason I ask is that my state's unemployment application only accepts US$ for reporting earned wages/tips.
Because you pay taxes on the value you received on that day, assuming it's for service and since tips area also taxable same for them.
You will need to file the sum you received in exchange for your service at that date in $ value, not in the value of the
BTC you transformed your coins to fiat. That would be an independent taxable event on top of it if it has lead to capital gains.
In the U.S., unemployment insurance is a state program, and not a federal program, so the rules vary a lot by state.
Hmm, shouldn't he be accepted for unemployment benefits if his
tips are below the sum he is qualified for and the value of the unemployment to be adjusted based on that, in all states? I mean, this is a bit weird, you get 10$ in tips, you either declare them and you get disqualified or you don't and risk being charged with unemployment fraud? Kind of fucked up.