[Forbes] Next Legislative Task for US Crypto Industry is 'Tax Policy'... Bipartisan Tax Bill Introduced
Following the CLARITY Act, a key component of US cryptocurrency regulation, 'tax policy' has emerged as the industry's next major legislative issue. The global
Following the CLARITY Act, a key component of US cryptocurrency regulation, 'tax policy' has emerged as the industry's next major legislative issue. The global economic media outlet Forbes recently highlighted a bipartisan cryptocurrency tax bill currently being pushed in the US House of Representatives.
Previously, four members of the US House Ways and Means Committee co-sponsored a bipartisan tax bill related to cryptocurrency. Representative Max Miller, who participated in the introduction, pointed out the limitations of the current system, stating, "The United States is leading innovation in the cryptocurrency sector, but current tax laws are failing to keep pace with the rapid growth of digital assets and modern financial technology."
Representative Miller added, "Along with Representative Steven Horsford, who co-sponsored the cryptocurrency tax bill, within Congress..." indicating his commitment to future legislative tasks.