Congress treats bitcoin like stacks of cash

congress treats bitcoin like stacks of cash

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Insider has identified numerous members of Congress who have violated the STOCK Act. Congress is now considering banning lawmakers from. The proposal to establish a U.S. tax regime for digital assets has drawn a stunning comments and will be the focus of an IRS hearing. Spread betting and other types of leveraged trading are taxed as gambling but regulated by the Financial Conduct Authority. Adverts for betting.
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Scott, a Republican from Georgia, was a week late reporting a handful of transactions conducted by his spouse. Another frequent industry concern was for investor privacy when it comes to government reporting of transactions, which crypto brokerage Coinbase COIN argued "would impose an unprecedented, unchecked and unlimited tracking on the daily lives of Americans," according to a comment letter from Lawrence Zlatkin, the company's vice president for tax. Kurt Schrader, a Democrat from Oregon. Ed Perlmutter, a Democrat from Colorado. Mo Brooks, a Republican from Alabama.