Blockchain Association Urges Congress to Advance Crypto Tax Legislation
Photo: TokenPost
The Blockchain Association urged leaders in both chambers of Congress on Thursday to advance bipartisan digital asset tax legislation, including a disposal-based tax approach for mining and staking rewards. The group proposed a meaningful tax exemption for small transactions. It also called for treating mining and staking rewards as newly created property and taxing them when disposed of, alongside privacy protections in tax reporting and rules based on economic substance. The association launched a public website to explain its proposals, track congressional progress and let people express their views to lawmakers.
Source: TokenPost
