The Blockchain Association has asked U.S. congressional leaders to advance bipartisan legislation on cryptocurrency taxation. The organization proposes introducing an exemption for small transactions, treating qualifying stablecoins more like cash and taxing mining and staking rewards when they are disposed of. It also wants clearer rules for transfers between wallets and reporting obligations designed to balance tax compliance with privacy. These proposals have not been adopted by Congress or the Internal Revenue Service, and lawmakers must consider their budgetary impact and the risk of transaction splitting.
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