Illinois has enacted a new transaction tax on cryptocurrency trades, drawing significant criticism from industry participants who argue it creates an unfair burden.
Cryptocurrency markets experienced a downturn ahead of key inflation data, as US crypto tax bills stalled in Congress and DeFi protocol Morpho secured substantial funding.
US House Democrats are questioning tax exemptions for cryptocurrency staking and mining, with party leadership suggesting a delay until after the midterms.
US House lawmakers are debating seven proposed bipartisan crypto tax bills, facing challenges in finding common ground on specific details and implications.
US Congress is set to review draft legislation clarifying tax rules for cryptocurrency staking, mining, network fees, and reporting, aiming for greater market certainty.
The U.S. House Ways and Means Committee is advancing new tax legislation, signaling a crucial step towards clarifying cryptocurrency regulations for investors and businesses.
US lawmakers are set to discuss new crypto tax proposals, including a "de minimis" exception for small transactions, aiming to simplify reporting for digital asset users.
The U.S. Congress is set to debate seven new cryptocurrency tax bills, marking a significant step towards clearer digital asset regulation.
Illinois is on the verge of enacting a new budget plan that includes a 0.2% tax on cryptocurrency transactions, placing the collection burden on registered brokers.
The US House Ways and Means Committee is evaluating multiple draft bills aimed at simplifying cryptocurrency taxation for small transactions, mining, and staking activities.