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Bitcoin.com 2023-08-29 22:30:28

US Congress Members Clash on the Potential Effect of Proposed Tax Rules on the Crypto Industry

Members of the U.S. Congress have expressed concerns about the possible problems that implementing the newly proposed crypto tax reporting requirements could create in the entire industry. Patrick McHenry, Cynthia Lummis, and others reacted differently to the potential effects of these proposals on decentralized finance platforms and stablecoins. U.S. Congress Members Concerned Over New Tax

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