The U.S. House Committee on Ways and Means approved (38-5) the proposed bill H.R. 10357 on taxes for cryptoassets. $XRP $XLM
What does it seek? Tax clarity: exempting everyday low-value payments from taxes, defining the rules for staking and mining, and preventing abusive tactics such as wash sales.
Why does it matter? It removes tax uncertainty, which is key so payment-oriented projects (such as XRP) can be used day to day without administrative friction.
Current status: Not yet law. It still needs to be voted on by the full House, the Senate, and signed by the President.
What does it seek? Tax clarity: exempting everyday low-value payments from taxes, defining the rules for staking and mining, and preventing abusive tactics such as wash sales.
Why does it matter? It removes tax uncertainty, which is key so payment-oriented projects (such as XRP) can be used day to day without administrative friction.
Current status: Not yet law. It still needs to be voted on by the full House, the Senate, and signed by the President.
