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🇺🇸 US House Just Moved On Crypto Taxes
The House Ways And Means Committee Released 7 Discussion Drafts On Digital Asset Taxation. Full Hearing Is Today, June 9.
This Is The Tax Leg. Separate From The CLARITY Act, Which Handles Market Structure.
What The 7 Drafts Target:
1️⃣ De Minimis Relief For Small Purchases
2️⃣ Mining And Staking Tax Clarity
3️⃣ Crypto Lending Rules
4️⃣ Wash Sale Rule Treatment
5️⃣ Stablecoin Transaction Tax
6️⃣ Charitable Donation Rules
7️⃣ Voluntary Disclosure For Past Income
Right Now Even Tiny Crypto Transactions Can Trigger A Taxable Gain. These Reforms Target Everyday Pain Points For Millions Of US Holders.
Note: These Are Discussion Drafts, Not Laws. Today Is A Hearing, Not A Vote.
Goal: Keep America The Crypto Capital Of The World.