Summary: A crypto tax bill was introduced in the U.S. Senate. The proposal is championed by lawmakers from both the Democratic and Republican parties. A de minimis exemption for crypto transactions under $50 forms the core of the bill, per reports. The exemption could nullify otherwise mandatory capital gains taxes for such small transactions. CoinDesk noted that the proposal could face a long road ahead as Congress might take an extended August recess and crypto laws might not take off […]
