Senate Republicans just dropped a crypto tax bill that could change the game
5 things that matter:
1. Pay with stablecoins = no taxable event. Finally.
2. Network fees under $10 don't count. Stop tracking gas pennies.
3. Wash sales are dead. Can't dump at a loss and rebuy same day for the write-off anymore.
4. Wallet/DeFi devs get relief on IRS user reporting requirements.
5. Staking & mining rewards finally get clear tax treatment rules.
Not law yet but this is real movement. Watch this space.
5 things that matter:
1. Pay with stablecoins = no taxable event. Finally.
2. Network fees under $10 don't count. Stop tracking gas pennies.
3. Wash sales are dead. Can't dump at a loss and rebuy same day for the write-off anymore.
4. Wallet/DeFi devs get relief on IRS user reporting requirements.
5. Staking & mining rewards finally get clear tax treatment rules.
Not law yet but this is real movement. Watch this space.
