NEWS ZAP
Some US lawmakers want Bitcoin miners to be exempted from proposed crypto taxes
Lawmakers in the United States have called for caution regarding implementing a proposed tax policy that could have significant implications for America’s crypto space.
According to the proposed amendments, tighter rules on crypto reporting requirements could provide $28 billion in additional funding for the government.
Senator Toomey is not alone in these assertions, as the overwhelming reaction from industry commentators is that the vagueness of the bill’s wording provides ample opportunity for punitive regulatory policies that could be detrimental to digital innovation in the country.
