๐จ JUST IN | CRYPTO TAX UPDATE ๐บ๐ธ
US House lawmakers have drafted a new Bitcoin & crypto tax bill, and it could be a big shift for the industry ๐
๐น Stablecoin payments under $200 may be exempt from capital gains tax
๐น Staking & mining taxes could be deferred for up to 5 years
๐น Crypto tax treatment to be aligned with securities rules
๐น Plans to close loopholes, including wash trading
๐ If passed, this would simplify crypto payments and give builders & investors more clarity.
Market watching closely ๐
#CryptoRegulation #BitcoinNews #Stablecoins #BinanceUpdate #CryptoTax



