Crypto Allies Look to Build on Stablecoin Momentum for Tax Rules
Tax writers and their industry allies are hoping to capitalize on recent moves toward regulating cryptocurrencies to draft a new taxation regime for digital assets.
The Senate Finance Committee is scheduled to meet Wednesday to examine the current taxation of crypto after Congress in bipartisan fashion crafted rules of the road for stablecoins.
Crypto-focused tax proposals were left out of the $3.4 trillion GOP tax law, but there’s been interest from the Trump administration and bipartisan Congressional action on non-tax digital asset legislation this year.
It’s prompted industry leaders and lobbyists to push lawmakers to find agreement on crypto-related tax …
