US bill would not allow block rewards to be taxed upon acquisition

If incorporated In WE. tax law, THE Invoice would be require block rewards Since proof of work And proof of participation networks has be imposed When sold instead that When they were acquired.

Own This piece of crypto history

Two United States the legislators to have introduced A Invoice has clarify how Bitcoin (BTC) And crypto minors are imposed on block rewards.

In A April 30 announcement, Representatives Drew Ferguson And Wiley Nickel said they had introduced THE Provide Tax Clarity For Digital Assets Act has THE WE. Home of Representatives. THE propose legislation would be specify that staking rewards would be be considered created property below WE. tax coded, And taxes on block rewards would be be collection has acquisition.

"THE United States has long has been THE chief In innovation And technology Again East fall behind OUR stranger counterparts In provide tax clarity F...