Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards
Square
Latest
Hot
News
Profile

US bipartisan lawmakers reintroduce the "Equality Act," pushing for crypto tax reform and requiring the IRS to study a tax exemption mechanism for small transactions.

MeNews
robot
Abstract generation in progress
ME News reported that on May 21 (UTC+8), U.S. bipartisan lawmakers Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly reintroduced the "Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Benefits Act" (i.e., the "Equal Act") this Wednesday. The new version of the bill mainly covers the following: First, it stipulates that regulated payment stablecoins do not generate gains or losses if their cost basis is not less than 99% of the redemption value; second, it establishes a safe harbor for broker transactions or taxpayer account transactions; third, it clarifies the manner in which the "wash sale" rule applies to digital assets; fourth, it requires the IRS to assess the current tax compliance burden for small-value crypto transactions and study the feasibility and potential abuse risks of establishing a tax exemption for transactions under $200. The crypto industry has long advocated for exempting small transactions from taxation to promote the use of cryptocurrencies in everyday payments. Lawmaker Horsford stated that tax policy is the foundation of the crypto regulatory framework, and the current tax law has not yet clearly defined many core issues regarding digital assets. (Source: ChainCatcher)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap