Coinbase urges IRS to allow digital assets in Trump Accounts
- —Coinbase is among the first backers of the Trump Accounts program
- —The company filed comments with the IRS on expanding eligible investments
- —It proposes allowing digital assets directly or via funds
- —IRS rules currently permit only US equity index funds with fees up to 0.1%
Why it matters: An IRS green light would open crypto to long-term savings of young Americans and could set a precedent for retirement accounts.
Source: PANews