Coin Heart responds to US lawmakers’ request for crypto tax steerage

Cryptocurrency advocacy group Coin Heart has offered options for United States lawmakers to contemplate in potential laws associated to the taxation of digital belongings.

In an Aug. 21 letter to Sens. Ron Wyden and Mike Crapo, Coin Heart pointed to the Digital Foreign money Tax Equity Act — a invoice beforehand launched in different periods of Congress — for provisions, together with having the Inner Income Service (IRS) set up a de minimis exemption for crypto transactions. The measure might be aimed toward encouraging crypto as a way of cost by treating digital asset transactions like ones used to buy international forex.

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