WorldPingHouse Ways and Means Chair Jason Smith unveiled a 114-page crypto tax bill on Monday night that would stop taxing network fees under $10, setting up a committee markup on Wednesday, Sept. 16.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
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WorldPingAmong its provisions is a $10 exception for certain fees paid in crypto, along with provisions covering stablecoins, mining, and staking.
Brief by WorldPing · Original reporting by The Block
WorldPingThe 114-page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing reward-tax timing unchanged.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingProsecutors have filed a civil forfeiture complaint against what they call Iran's illegal crypto proceeds that are used to fund its military.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingProsecutors alleged that two Chinese companies used Binance to launder those funds to Iran and its proxies.
Brief by WorldPing · Original reporting by The Block
WorldPingThe House Ways and Means Committee published a crypto tax bill addressing de minimis transactions, staking and other issues for which the industry's clamored for policies.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingAtlantic Council experts argue corporate pledges need enforceable safety standards, while U.S.–China distrust limits prospects for an international agreement.
Brief by WorldPing · Original reporting by Decrypt
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