Leading U.S. cryptocurrency advocacy organizations have joined forces to urge the House of Representatives to advance legislation that would provide clearer tax treatment for crypto miners and staking participants. In a letter sent Sunday to the leadership of the House Ways and Means Committee, the Blockchain Association, Digital Chamber, and Crypto Council for Innovation expressed support for the Tax Clarity for Mining and Staking Act, introduced by Representative Mike Carey of Ohio. The proposed legislation would allow taxpayers to choose when newly created digital assets from mining or… Read more
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