Members of the Blockchain Association responded to a request from leadership at the U.S. Senate Financial Services Committee on how to address taxation on cryptocurrencies.
for certain taxpayers involved in crypto transactions. According to the advocacy group, any legislation introduced in Congress should “create symmetry” between taxation of crypto and non-crypto assets, as well as clarify requirements for information on income earned from staking and mining crypto.threshold aimed at excluding gains or losses of certain crypto transactions from tax reporting requirements. The Blockchain Association submitted the letter on the last possible day the U.S.
1/ Today, we submitted a letter in response to the Senate Committee on Finance’s Request For Information seeking policy input on the taxation of digital assets.
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