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Crypto Industry Urges Congress to Pass Tax Bill—But Will It Happen This Year?

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Decrypt Editorial
(06:53 PM UTC)
1 min read
SC
Approved bySarah Chen
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In brief

  • Crypto industry groups urged Congress to pass a tax bill exempting mining and staking rewards from taxable income.
  • House Democrats are skeptical, arguing the proposal could unfairly favor crypto over traditional investments.
  • With time running short as midterms fast approach, the bill’s prospects this year remain uncertain.

The crypto industry is urging Congress to approve a new digital…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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