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no one’s talking about this: US Congress plans to shake up the stablecoin tax game with a new bill 🧠🚀
tax code update: bipartisan bill proposes modernization of stablecoin tax regulations to align digital assets with existing financial laws, aiming to prevent “phantom income
US lawmakers introduce bipartisan bill to update tax rules for digital assets, focusing on stablecoins, trading, staking, and mining rewards. The proposed Digital Asset PARITY bill aims to simplify tax regulations, provide clarity for stablecoins, and align digital assets with existing financial laws. The bill also addresses concerns about staking and mining rewards, aiming to prevent “phantom income.” Lawmakers seek to prevent abusive tax strategies and enhance compliance by modernizing tax rules for cryptocurrencies. Follow for updates! 🚀 #TaxCodeUpdate
US Congress members unveil bipartisan decision to “modernize” stablecoin tax code
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