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U.S. Lawmakers Debate New Crypto Tax Rules
🔸 The House Ways and Means Committee discussed digital asset taxation on Tuesday following the introduction of seven Republican-backed crypto tax bills.
🔸 Key proposals include a tax exemption threshold for small crypto transactions, delaying taxes on mining and staking rewards until the assets are sold, and extending wash-sale rules to digital assets.
🔸 The bills will require bipartisan support to advance through committee before any amendments can be considered. If approved, some provisions could potentially be included in a future reconciliation package, which only requires a simple majority vote in Congress.
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