The United States of America recently issued a tax framework for digital currencies.
Representatives Max Miller (, a Republican from Ohio, and Steven Horsford ), a Democrat from Nevada, issued a draft tax bill for digital currencies titled "Digital Asset Fairness Act," which addresses real issues.
The law directly addresses the weaknesses:
💵 Stablecoin Protection: The use of stablecoins in payments will not be subject to capital gains tax. This removes one of the biggest obstacles to using digital currencies as a cash alternative.
⏳ Postponement of storage and mining tax: Rewards will not be taxed upon receipt, but only when sold. This aligns the cryptocurrency tax system with the asset tax system worldwide.
🧾 Clearer definitions and reports: More clarity regarding digital assets, intermediaries, and obligations. Reducing ambiguity means reducing legal risks.
🏛️ A signal from both parties It is an acknowledgment from Congress that digital currencies are an integral part of the system and that they need modern laws.
Removing obstacles is the optimal way to allocate institutions, keep developers in the United States, and expand its adoption.
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The United States of America recently issued a tax framework for digital currencies.
Representatives Max Miller (, a Republican from Ohio, and Steven Horsford ), a Democrat from Nevada, issued a draft tax bill for digital currencies titled "Digital Asset Fairness Act," which addresses real issues.
The law directly addresses the weaknesses:
💵 Stablecoin Protection: The use of stablecoins in payments will not be subject to capital gains tax. This removes one of the biggest obstacles to using digital currencies as a cash alternative.
⏳ Postponement of storage and mining tax: Rewards will not be taxed upon receipt, but only when sold. This aligns the cryptocurrency tax system with the asset tax system worldwide.
🧾 Clearer definitions and reports: More clarity regarding digital assets, intermediaries, and obligations. Reducing ambiguity means reducing legal risks.
🏛️ A signal from both parties
It is an acknowledgment from Congress that digital currencies are an integral part of the system and that they need modern laws.
Removing obstacles is the optimal way to allocate institutions, keep developers in the United States, and expand its adoption.