US EditionBitcoin Tax Battle: Bitcoin Policy Institute Pushes For Inclusion, Coinbase Tackles Allegations
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Why’s everyone trying to make Bitcoin de minimis exemption Coinbase’s responsibility?
After the initial uproar from a March 11 report that claimed that Coinbase was lobbying Capitol Hill against a de minimis tax exemption for Bitcoin, the rhetoric has since been dialed as strong denials and context have been applied to the legislative conversation around the CLARITY Act — Armstrong and Coinbase may simply not prioritize the Bitcoin de minimis exemption because it is not its business. Within hours of the allegation, Coinbase’s en…
Will the leading US crypto exchange prevent new tax reliefs for Bitcoin? Now Brian Armstrong himself comments on the allegations. Source: BTC-ECHO BTC-ECHO
Bitcoinist
Bitcoin Ethereum NewsBitcoin Tax Battle: Bitcoin Policy Institute Pushes For Inclusion, Coinbase Tackles Allegations
On Thursday, the Bitcoin Policy Institute (BPI) published a new report regarding the ongoing discussion in the US Congress about the Bitcoin de minimis tax exemption. This comes amidst Coinbase’s battle against accusations related to the issue that surfaced earlier this week. Concerns Over Future Of Bitcoin Tax Legislation The BPI has brought attention to the efforts of pro-cryptocurrency Senator Cynthia Lummis, who is seeking to incorporate a $…
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