๐Ÿšจ JUST IN | CRYPTO TAX UPDATE ๐Ÿ‡บ๐Ÿ‡ธ

US House lawmakers have drafted a new Bitcoin & crypto tax bill, and it could be a big shift for the industry ๐Ÿ‘‡

๐Ÿ”น Stablecoin payments under $200 may be exempt from capital gains tax

๐Ÿ”น Staking & mining taxes could be deferred for up to 5 years

๐Ÿ”น Crypto tax treatment to be aligned with securities rules

๐Ÿ”น Plans to close loopholes, including wash trading

๐Ÿ“Œ If passed, this would simplify crypto payments and give builders & investors more clarity.

Market watching closely ๐Ÿ‘€

$LIGHT $FOLKS $BEAT

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