The cryptocurrency business is hoping Congress can advance a complete bundle on taxing digital property, weighing in with feedback after the Senate Finance Committee sought recommendation on the subject.
The panel sought suggestions on subjects equivalent to crypto lending, mark-to-market accounting, wash trades, and de minimus exceptions. The deadline to weigh in was Sept. 8.
Business teams stated they’re pissed off that crypto coverage is being made on a piecemeal foundation by way of steering, enforcement actions, and courtroom opinions, they usually need extra certainty.
“We’d like to see a extra complete tax bundle come collectively,” stated Blockchain Affiliation Senior Coverage Director Sarah …