US Lawmakers Propose New Framework for Crypto Taxation and Regulations
US lawmakers are gearing up for discussions on a comprehensive crypto tax policy as they aim to advance three significant bills. Central to these discussions is the need for a structured framework addressing taxation for digital assets.
Republicans are exploring various legislative routes to tackle issues like double taxation for cryptocurrency miners and stakers. A pivotal 'crypto week' in the House will delve into topics such as payment stablecoins and the structure of the crypto market.
Additionally, the potential exemption of small crypto transactions from taxes is under consideration, which could stimulate participation in the market. Amid these developments, the European Securities and Markets Authority is scrutinizing Malta's licensing, while notable incidents in the crypto space, like GMX's trading pause, highlight ongoing challenges.
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