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no one’s talking about this TAX CODE UPDATE for stablecoin payments?! lawmakers aiming for clarity and fairness in digital asset taxation… will this change the game
problem: Lack of clear tax guidelines for stablecoin payments in the current tax code.
insight: The proposed bill aims to establish a structured framework
US lawmakers are working on a cryptocurrency tax framework for stablecoin payments, aiming to update the tax code on digital assets. The bill seeks to provide clarity, fairness, and common sense to digital asset taxation while ensuring compliance with clear rules for users and investors. It also addresses tax treatment for regulated businesses using stable payment coins and clarifies revenue source rules for trading digital assets. The legislation extends current tax rules on securities lending to digital assets. 📈🔍
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