In the News
Regulatory clarity is what is cried out for by the crypto industry. In leaving the Securities and Exchange Commission (SEC) a set of arcane laws to create guidance regarding blockchain tokens, the default of ‘regulation by enforcement’ has left many entrepreneurs dissuaded about the ability to create and develop blockchain technology.
U.S. lawmakers have resurrected a bipartisan push to exempt gains from small cryptocurrency transactions from being taxed.
A bill seeking to exempt personal cryptocurrency transactions from taxation for capital gains has been reintroduced in the Congress of the United States.
A renewed effort to create a de minimis tax exemption for day-to-day cryptocurrency purchases has begun in the halls of the U.S. Congress.
The Virtual Currency Tax Fairness Act of 2020, published Thursday by Washington, D.C.-based crypto advocacy group Coin Center, was introduced by Congresswoman Suzan Delbene of Washington and Congressman David Schweikert of Arizona.