Latest News and Articles about Crypto Taxation
NYC’s $12.6B Budget Crisis: Mayor Mamdani’s Tax Plan Impacts Crypto Wealth
NYC’s $12.6B Budget Crisis: Mayor Mamdani’s Tax Plan and Its Crypto Ripple Effects New York City is grappling with a jaw-dropping $12.6 billion budget shortfall over the next two fiscal years, and Mayor Zohran Mamdani, newly sworn in as of January 1, 2025, has rolled out a polarizing plan to tax the wealthy and corporations […]
Read MoreUS Lawmakers Push Crypto Tax Relief for Stablecoins, Staking, and Mining
Stablecoins on the Verge of Tax Relief: US Lawmakers Propose Crypto-Friendly Reforms US lawmakers have put forward a discussion draft that could lighten the tax load for cryptocurrency users, with a sharp focus on stablecoins, staking, and mining rewards. Representatives Max Miller (R-Ohio) and Steven Horsford (D-Nev.) are behind this bipartisan push to simplify the […]
Read MoreTrump Admin Proposes IRS Tax Rules for Foreign Crypto Holdings via CARF
Trump Administration Pushes IRS Tax Framework for Foreign Crypto Holdings The Trump administration is making a bold move that could spell the end of hiding crypto stashes on foreign exchanges to dodge taxes. With a proposal to join the Crypto-Asset Reporting Framework (CARF), the US is inching closer to empowering the Internal Revenue Service (IRS) […]
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