Watching Crypto Markup for Tax Signals
Senate Banking Committee consideration of a digital asset bill could provide a glimpse into whether there is appetite among tax writers to craft a bipartisan cryptocurrency tax framework this Congress.
The committee’s Thursday markup coincides with a House Ways and Means Committee roundtable on cryptocurrency taxation issues.
Top GOP tax writer Jason Smith (R-Mo.) has indicated Ways and Means is getting close to finishing its own crypto legislation proposal, suggesting a bill could be fast-tracked.
The market-structure legislation set for a markup in Banking would permit stablecoin rewards and revise rules for decentralized ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.