The US Senate is currently deliberating cryptocurrency tax reforms, featuring Senator Cynthia Lummis’ proposed amendment to exempt most crypto lending from wash sale rules. This legislative effort aims to provide tax relief for digital asset investors by modifying existing regulations.… Read More »US Senate Debates Crypto Tax Reforms Amid Musk’s Political Party Threat
Republican lawmakers in the U.S. Senate have unveiled significant cryptocurrency tax reforms within the comprehensive ‘One Big Beautiful Bill’. These proposals aim to clarify tax burdens and foster broader cryptocurrency adoption. The cornerstone provision incorporates a de minimis capital gains… Read More »Senate Republicans Propose Sweeping Crypto Tax Reforms Including Transaction Exemptions
In a significant regulatory shift, Japan’s Financial Services Agency (FSA) has proposed measures aimed at enhancing cryptocurrency investor access and market transparency. The key elements include allowing Bitcoin exchange-traded funds (ETFs) and implementing a flat 20% tax rate on cryptocurrency… Read More »Japan Proposes Bitcoin ETF Approval and 20% Flat Tax on Crypto Gains
U.S. Senator Cynthia Lummis is pushing for cryptocurrency tax reforms to address regulatory burdens affecting Bitcoin miners and decentralized finance (DeFi) participants. She argues current tax rules impose unfair double taxation on miners and create excessive taxable events for DeFi… Read More »Senator Lummis Calls for Crypto Tax Reform to Ease Burden on Miners and DeFi Users