CLARITY is almost here ๐ฅน $XRP
7 digital asset drafts based around crypto.
This is amazing! We are literally watching the new financial system unfold. Those who have eyes can see clearly what is happening. #HODL moon time is near ๐
๐จSCOOP: The House Ways and Means Committee is circulating a package of SEVEN digital asset tax discussion drafts that would overhaul how crypto is taxed in the U.S.
The bills tackle everything from stablecoin transactions, mining and staking, crypto lending and wash sale rules to charitable donations and a voluntary disclosure program for taxpayers with past digital asset reporting issues.
The move effectively breaks apart the broader Miller-Horsford Digital Asset PARITY Act, as well as similar legislation introduced last year by @SenLummis, into a series of standalone proposals.
The drafts will likely feature prominently at Tuesdayโs scheduled Ways and Means hearing on crypto taxation.