News with the tag "Crypto tax"

Senators Cynthia Lummis and Bernie Moreno have urged the US Treasury to address an unintended tax burden caused by a Joe Biden-era tax on corporations, which could hurt digital asset companies. In a letter sent to Treasury Secretary Scott Bessent, the senators wrote that this tax could make American...

The cryptocurrency market is a global phenomenon, but its trajectory is often shaped by regional developments and the voices of local investors. South Korea stands out as a significant player in the crypto space, boasting a tech-savvy population with a keen interest in digital assets. A recent crypt...

Missouri lawmakers have passed a sweeping tax bill that exempts capital gains from state income tax and sent it to Gov. Mike Kehoe for signature. The measure , a top priority for House Republicans, passed the House Wednesday with only GOP support and 10 Democrats voting “present.” The bill would app...

David Sacks dismissed the idea of 0.01% crypto transaction tax The proposal involves using the tax revenue to establish a US strategic Bitcoin reserve In the past, Donald Trump has supported the elimination of federal income tax, suggesting import tariffs as an alternative White House AI and crypto ...

The Income Tax Department of India could soon gain powers to monitor people’s crypto holdings. The rule is expected to take effect starting April 1st, 2026, and is subject to massive criticism. Authorities claim that the move is important to modernize investigation of tax evasion. India’s Income Tax...

Japan is about to undergo a major transformation in its crypto regulations. The ruling party has proposed a new framework under the Financial Instruments and Exchange Act. If approved, this could plead to cryptocurrency exchange-traded funds (ETFs) and a significant tax cut on crypto-related earning...

The U.S. Senate has voted 70-27 to overturn an Internal Revenue Service rule that would have imposed new reporting requirements on decentralized finance brokers. As reported by Business Insider, the motion presented by Senator Ted Cruz, was approved under the Congressional Review Act on Mar. 4, indi...

The U.S. Senate has voted 70-27 to overturn an Internal Revenue Service rule that would have imposed new reporting requirements on decentralized finance brokers. As reported by Business Insider, the motion presented by Senator Ted Cruz, was approved under the Congressional Review Act on Mar. 4, indi...

Recent speculation on X suggests that President Donald Trump may propose eliminating capital gains taxes on cryptocurrency sales. Rumors circulating online indicate that an announcement could come as soon as Friday , though no official confirmation has been provided. While the potential policy has s...

As the inaugural crypto summit looms, speculation swirls around a potential policy overhaul. At the center of this excitement is the realization of Eric Trump’s zero crypto tax policy, which has sparked a heated debate. The key point of contention is whether Donald Trump will abolish the crypto capi...