Senate Finance Committee Chair probes “lack of safeguards” in crypto tax ince...

Senate Finance Committee Chair probes “lack of safeguards” in crypto tax ince...

A new push for clarity on compliance from Senator Wyden aims to ensure economically distressed communities receive promised benefits from crypto mining companies. Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.Senator Wyden’s main concern stems from the perception that some crypto companies may be taking advantage of what he called “a lack of safeguards and transparency measures” in the Opportunity Zone program.The concerns were raised in letters he sent to two companies and one....


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