US Senators Introduce Bipartisan Bill to Exempt Small Crypto Transactions Fro...

US Senators Introduce Bipartisan Bill to Exempt Small Crypto Transactions Fro...

A new bipartisan bill has been introduced in the Senate that would simplify the use of cryptocurrency for everyday purchases by creating tax exemption for personal crypto transactions under $50 as well as when the capital gains are less than $50. New ‘Virtual Currency Tax Fairness Act’ A new bipartisan bill, known as the “Virtual Currency Tax Fairness Act,” was introduced in Congress Tuesday by Senators Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ). According to the announcement by the U.S. Senate Committee on Banking, Housing, and Urban....


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