US lawmakers propose crypto tax evasion for Bitcoin miners
Senator Patrick Toomey and certain members of Congress propose that Bitcoin miners and crypto software developers will not be subject to the newly proposed tax rules. US lawmakers have urged caution in enacting a new tax scheme that might have substantial ramifications for the crypto industry in the United States. An enlarged crypto taxation scheme […]
US Senate add crypto tax to infrastructure deal
As a last-minute addition to the infrastructure deal, US Senators impose crypto taxes to raise $28B in order to fund a portion of the deal. U.S. lawmakers believe they can find $28 billion worth of infrastructure funding by expanding taxation on crypto transactions. Senators proposed expanding bitcoin taxation as a last-minute addition to the bipartisan […]