Bloomberg: A new draft from the U.S. House of Representatives proposes tax havens for stablecoins and encryption staking.
On December 22, Bloomberg reported that bipartisan lawmakers in the U.S. House of Representatives are drafting a cryptocurrency tax framework that will provide a safe harbor for certain stablecoin transactions and delay the taxation of rewards received for validating blockchain transactions. Republican Congressman Max Miller of Ohio and Democratic Congressman Steven Horsford of Nevada jointly introduced this draft, aiming to align the tax treatment of cryptocurrency with that of traditional securities.
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Bloomberg: A new draft from the U.S. House of Representatives proposes tax havens for stablecoins and encryption staking.
On December 22, Bloomberg reported that bipartisan lawmakers in the U.S. House of Representatives are drafting a cryptocurrency tax framework that will provide a safe harbor for certain stablecoin transactions and delay the taxation of rewards received for validating blockchain transactions.
Republican Congressman Max Miller of Ohio and Democratic Congressman Steven Horsford of Nevada jointly introduced this draft, aiming to align the tax treatment of cryptocurrency with that of traditional securities.