Congress Gets 7 New Crypto Tax Bills: Here's What's In Them
House Republican leadership has begun circulating seven new crypto tax bills that will take center stage at a key hearing next week. The bills cover a wide range of hot-button issues, including de minimis exemptions, the tax treatment of crypto staking and mining rewards, and an IRS safe harbor for prior failures to report crypto gains. They mark the first time congressional leadership in either the House or Senate has moved forward with tax-focused crypto legislation, despite the fact that bills on the subject have previously been floated in both chambers.