Newly released court documents reveal a “$65 billion back door” that FTX had set up for Alameda, the now-defunct crypto exchange’s trading arm. A case docket with a deck detailing FTX’s assets and lia...
Tag: Exempt
U.S. Senators Introduce Bill to Exempt Tax for Crypto Transactions Less Than $50 – crypto.news
A bipartisan bill introduced in the Senate is seeking to remove the burden of paying capital gains tax for cryptocurrency transactions worth $50 and below. No Taxation for Small Crypto Transactions T...
A new Senate bill would bill exempt small crypto from capital gains taxes
A new bill that would exempt small crypto transactions from capital gains taxes has entered the Senate. According to an announcement shared with The Block, Senators Pat Toomey and Kyrsten Sinema have ...
US Senators Introduce Bipartisan Bill to Exempt Small Crypto Transactions From Taxes – Regulation Bitcoin News
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 wel...
Crypto Transactions Under $50 May Soon be Exempt From Capital Gains Tax
A new bipartisan bill will change how crypto transactions are taxed As the law currently stands, anyone that uses crypto for any transaction, regardless of amount, must report gains on the value of th...
US Senators propose bill to exempt crypto transactions under $50 from taxation
A bipartisan bill from Senators Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) proposes tax exemptions on crypto transactions up to $50. If passed, the Virtual Currency Fairness Act will unburde...
Toomey drafts bill to exempt stablecoins from securities regulations
Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States. According to a draft relea...
UK regulators warn crypto firms aren’t exempt from Russian sanctions rules
advertisement The Bank of England, HM Treasury and the Financial Conduct Authority issued a joint statement on sanctions and crypto assets amid Russia’s invasion of Ukraine. The statement is th...
New Bill Proposed in Georgia to Exempt Miners From Taxes
Strategic commercial partnerships and a tax exemption bill pave the way for profitable commercial mining in Georgia. A new House Bill, HB1342 has been put forth by Georgia Representatives Don Parsons,...
Treasury Confirms Miners Exempt From IRS Reporting Rules
Key Takeaways Blockchain miners and validators will not be considered “brokers” for crypto tax reporting, the Treasury has confirmed. The Treasury stated that it will exempt “ancilla...
Missouri Lawmaker Introduces Bill To Exempt Crypto From State Property Taxes
Proposed legislation potentially aiding cryptocurrency adoption continues to pop up in statehouses across the United States. This week, Missouri State Representative Phil Christofanelli introduced a b...