🇺🇸UPDATE: Two important cryptocurrency bills were approved in House committees despite the setback with the CLARITY Act. $ONE
The Digital Asset Tax Certainty Act (ARMA) was approved by the Committee on Budget and Finance by 38 votes to 5, while the American Reserve Modernization Act (ARMA) was approved by the House Committee on Financial Services by 28 votes to 21, sending both to a vote in the House.
- The tax bill would create clearer rules for cryptocurrencies, stablecoins, mining, staking, and fees for small transactions. $AVA
- The ARMA would establish a Strategic Bitcoin Reserve, require a minimum 20-year holding period for BTC reserves, and direct the Treasury and the Department of Commerce to study ways to acquire additional Bitcoin without new taxes, loans, or deficit spending.
The developments occur one day after the Senate failed to pass the CLARITY Act, leaving Congress seeking separate legislation on cryptocurrency taxes and reserves of $BTC .
#CLARITYAct #ArkhamSaysBlackRockBuys$1.5BInETH #bitcoin #ElSalvadorBTCHoldingsRiseTo7777 #bullish
The Digital Asset Tax Certainty Act (ARMA) was approved by the Committee on Budget and Finance by 38 votes to 5, while the American Reserve Modernization Act (ARMA) was approved by the House Committee on Financial Services by 28 votes to 21, sending both to a vote in the House.
- The tax bill would create clearer rules for cryptocurrencies, stablecoins, mining, staking, and fees for small transactions. $AVA
- The ARMA would establish a Strategic Bitcoin Reserve, require a minimum 20-year holding period for BTC reserves, and direct the Treasury and the Department of Commerce to study ways to acquire additional Bitcoin without new taxes, loans, or deficit spending.
The developments occur one day after the Senate failed to pass the CLARITY Act, leaving Congress seeking separate legislation on cryptocurrency taxes and reserves of $BTC .
#CLARITYAct #ArkhamSaysBlackRockBuys$1.5BInETH #bitcoin #ElSalvadorBTCHoldingsRiseTo7777 #bullish
