Some US lawmakers want Bitcoin miners to be exempted from proposed crypto taxes
Cointelegraph
Published Aug 03, 2021 09:07AM ET
Updated Aug 03, 2021 10:40AM ET
Lawmakers in the United States have called for caution regarding implementing a proposed tax policy that could have significant implications for America’s crypto space.
As previously reported by Cointelegraph, an expanded crypto taxation regime was a last-minute addition to the $1-trillion infrastructure deal currently being debated in Congress. According to the proposed amendments, tighter rules on crypto reporting requirements could provide $28 billion in additional funding for the government.
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Written By: Cointelegraph
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