🚨 Urgent: A historic legislative step for the crypto market in the USA! 🇺🇸
The Ways and Means Committee in the U.S. House of Representatives has approved the draft law “Tax Certainty for Digital Assets” (H.R. 10357), which provides unprecedented tax relief for small investors and everyday users.
Key highlights:
* 🟢 Exemption from transaction fees (Gas Fees): No capital gains taxes will be imposed on network fees and transactions under $10.
* ⚠️ Exemption for high-volume traders: The exemption does not apply to wallets that execute more than 5,000 transactions annually.
* ⚖️ Applying Wash-Sale rules: Closing a loophole used to realize tax losses and immediately repurchase to align crypto with traditional stocks.
An excellent step to reduce daily tax complexities and make using the networks easier! 🚀
#crypto #Bitcoin #BinanceSquare #ParadigmDisclosesZECHolding
#BTC
The Ways and Means Committee in the U.S. House of Representatives has approved the draft law “Tax Certainty for Digital Assets” (H.R. 10357), which provides unprecedented tax relief for small investors and everyday users.
Key highlights:
* 🟢 Exemption from transaction fees (Gas Fees): No capital gains taxes will be imposed on network fees and transactions under $10.
* ⚠️ Exemption for high-volume traders: The exemption does not apply to wallets that execute more than 5,000 transactions annually.
* ⚖️ Applying Wash-Sale rules: Closing a loophole used to realize tax losses and immediately repurchase to align crypto with traditional stocks.
An excellent step to reduce daily tax complexities and make using the networks easier! 🚀
#crypto #Bitcoin #BinanceSquare #ParadigmDisclosesZECHolding
#BTC
