Wu Blockchain (@WuBlockchain): According to Bloomberg, bipartisan House lawmakers Max Miller and Steven Horsford are drafting a crypto tax framework that would exempt capital gains…
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According to Bloomberg, bipartisan House lawmakers Max Miller and Steven Horsford are drafting a crypto tax framework that would exempt capital gains on regulated, dollar-pegged stablecoin transactions under $200 and allow staking and mining rewards to be taxed on a deferred basis for up to five years. The proposal would also bring digital assets under securities-related tax rules, permit eligible traders to use mark-to-market accounting, and extend wash-sale restrictions to cryptocurrencies. https://twitter.com/i/web/status/2002516589808398808