Blockchain Association sends Congress 10 crypto tax principles
- —Group seeks de minimis exemption for small crypto payments and cash-like treatment of stablecoins
- —Mining and staking rewards would be taxed on disposal, not on receipt
- —Reporting obligations would apply only to custodial intermediaries, not non-custodial developers
- —H.R.10357 passed the House committee 38-5 but has not reached a floor vote
Why it matters: Clear tax rules could keep crypto activity and jobs in the US, but the bill still needs full House and Senate approval.
Source: BITTIMES