List of Flash News about crypto tax bill
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2025-07-06 19:46 |
US Senators Propose New Crypto Market Structure and Tax Relief Bill; BTC (Bitcoin) Holds Above $108K Amid Regulatory Push
According to Eleanor Terrett, top U.S. senators, including Tim Scott and Cynthia Lummis, have introduced a new framework for regulating U.S. crypto markets, aiming to establish clear distinctions between digital securities and commodities and foster innovation through safe harbors and sandboxes. The source indicates this market structure bill is a top priority, with a goal to deliver it to the president by the end of September. Separately, Senator Lummis has introduced a standalone crypto tax bill proposing a $300 capital gains tax exemption for small transactions and eliminating double taxation on staking and mining rewards. These legislative efforts provide potential long-term clarity for the market, which is currently seeing Bitcoin (BTC) trade around $108,477, with altcoins like Solana (SOL) at approximately $150.97 and Avalanche (AVAX) showing strong gains against BTC, up over 6.7% according to provided market data. |
2025-07-05 08:03 |
Bitcoin (BTC) Price Analysis: Trump's Fiscal Policy Boosts Case for BTC as Inflation Hedge, Crypto Tax Provision Fails in Senate Bill
According to @rovercrc, former President Trump's statement that economic growth will offset fiscal deficits is strengthening the investment case for Bitcoin (BTC) and gold as inflation hedges. The source cites crypto analyst Will Clemente, who suggests this loose fiscal policy makes long-term U.S. treasuries less attractive compared to hard assets like Bitcoin. From a technical perspective, BTC traded within a range of $107,194 to $108,489, establishing support at $107,300. However, in a significant development for traders, a crypto-friendly tax provision proposed by Senator Lummis was not included in the budget bill that advanced from the Senate, representing a regulatory setback. |