🇺🇸TODAY: CONGRESS JUST DROPPED 7 NEW CRYPTO TAX BILLS
House Republicans have introduced 7 crypto tax bills to be discussed at House Ways and Means Committee hearing this week.
The proposals exempts staking and mining rewards from taxable income, creates a $10 de minimis exemption for gas fees, and offers a voluntary disclosure program for past crypto tax reporting failures.
In an ideal world all software and hardware would have "nutrition labels" that provide a full list of trust dependencies - what math and which actors' honest behavior (and on what time scale) the system is relying on to provide its core functionality and implied guarantees.
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The countdown is on! ⏰
In just 8 hours, we kick off our 24-hour livestream celebration for Bitcoin Pizza Day 🌍
Join @RachelOnchain of @Onchainmedia with @Sprpstn and a team of guest hosts as they feature PizzaDAO's friends from across the globe. 🎙
See you soon! ❤️🍕
Proof we live in the matrix:
The Iraq/Iran Tanker War: Starting in 1984, both sides attacked oil tankers in the Persian Gulf to cripple each other’s economies, eventually drawing in the U.S. Navy to protect shipping.