US EditionCongress proposes removal of widely used Bitcoin tax loophole and giving it to regulated stablecoins
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The PARITY Act Confirms It: Stablecoins Get the Tax Break, Bitcoin Gets Left Behind
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While the U.S. Congress is debating a tax reform for cryptocurrency, the PARITY Act excludes Bitcoin from any exemption on small transactions, reserving this benefit to stablecoins only. According to several sources, Coinbase would have played an active role in this change. The Coinbase article would have influenced the PARITY Act against Bitcoin to protect its USDC-related revenues appeared first on Cryptoast.
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