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The Crypto Industry Is Talking Tax, And The Senate Is Listening - Fin Tech

On June 7, 2022, U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the Lummis-Gillibrand Responsible Financial Innovation Act (the "Act"), a comprehensive legislative.

United statesJoe bidenKirsten gillibrandRevenue serviceDepartment of treasuryCynthia lummisLummis gillibrand responsibleFinancial innovation actStaking not taxed until dispositionTrading safe harbor expandedCertain cryptocurrenciesInternal revenue serviceLending generally not taxablePresident joe bidenCrypto tax reportingAre obligated

The Crypto Industry Is Talking Tax, and the Senate Is Listening | Cadwalader, Wickersham & Taft LLP

On June 7, 2022, U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the Lummis-Gillibrand Responsible Financial Innovation Act (the “Act”), a comprehensive.

United statesJoe bidenKirsten gillibrandRevenue serviceDepartment of treasuryWickersham taftCynthia lummisStaking not taxed until dispositionTrading safe harbor expandedInclude certain cryptocurrenciesInternal revenue serviceLending generally not taxablePresident joe bidenCrypto tax reportingAre obligatedFile tax returns

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