Republican Senators Call on Treasury To Ease Crypto Tax Laws To ‘Level Playing Field’ With Foreign Companies

U.S. Senators Push Back on Crypto Tax Proposal Targeting Unrealized Gains - Crypto News Flash

Senators Cynthia Lummis and Bernie Moreno called on the Treasury to exclude unrealized crypto gains from a Biden-era tax rule. They cautioned that new tax and accounting rules, following President Trump’s recent pro-crypto actions, could tax companies on unsold crypto assets. Senator Cynthia Lummis (R-WY) has long been a leading voice for cryptocurrency innovation on Capitol Hill. As chair of the Senate Subcommittee on Digital Assets, she’s been…

Tax on Unrealized Crypto Gains Could Trigger Forced Sell-offs, Senators Warn Treasury

Senators push Treasury to shield U.S. crypto firms from devastating tax on unrealized gains, warning of risk to digital asset leadership. Treasury Pressured to Act Fast as Unrealized Crypto Gains Face Tax Storm U.S. Senator Cynthia Lummis (R-WY) and Senator Bernie Moreno (R-OH) are calling on the U.S. Department of the Treasury to act swiftly... The post Tax on Unrealized Crypto Gains Could Trigger Forced Sell-offs, Senators Warn Treasury appear…

US Senators Urge Treasury to Adjust Crypto Tax Policies to M

Senator Lummis calls for crypto tax revision to maintain U.S. market dominance. Continue Reading:US Senators Urge Treasury to Adjust Crypto Tax Policies to Maintain Global Competitiveness The post US Senators Urge Treasury to Adjust Crypto Tax Policies to Maintain Global Competitiveness appeared fir...

Republican Senators Call on Treasury To Ease Crypto Tax Laws To ‘Level Playing Field’ With Foreign Companies

The post Republican Senators Call on Treasury To Ease Crypto Tax Laws To ‘Level Playing Field’ With Foreign Companies appeared on BitcoinEthereumNews.com. Pro-crypto Republican Senator Cynthia Lummis of Wyoming is pressing the US Treasury to ease crypto tax laws as a means of evening out the playing field with foreign companies. In a new thread on the social media platform X, Lummis says that the US’s competitive advantage in digital finance is …

Republican Senators Call on Treasury To Ease Crypto Tax Laws To ‘Level Playing Field’ With Foreign Companies - The Daily Hodl

Pro-crypto Republican Senator Cynthia Lummis of Wyoming is pressing the US Treasury to ease crypto tax laws as a means of evening out the playing field with foreign companies. In a new thread on the social media platform X, Lummis says that the US’s competitive advantage in digital finance is at risk due to US companies being taxed more than their foreign counterparts, a loophole she and Republican Senator Bernie Moreno of Ohio are trying to clo…

Senators Lummis & Moreno New Proposal Could Mean Firms Only Pay Crypto Tax on Realized Gains

Senators Lummis and Moreno have proposed crypto tax relief in the US. The Senators requested that crypto firms pay tax only on realized gains. Crypto tax relief in the US would significantly boost cryptocurrency adoption. Famous US pro-crypto Senator Cynthia Lummis, alongside her colleague Senator Bernie Moreno, has asked the US government to review its cryptocurrency tax regime.  In her latest proposal, made public on May 12, Lummis and Moreno,…