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Thursday, July 4, 2024
bitcoin
Bitcoin (BTC) $ 57,625.44
ethereum
Ethereum (ETH) $ 3,128.41
tether
Tether (USDT) $ 0.999855
bnb
BNB (BNB) $ 522.03
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.446299
binance-usd
BUSD (BUSD) $ 0.996979
dogecoin
Dogecoin (DOGE) $ 0.108913
cardano
Cardano (ADA) $ 0.382891
solana
Solana (SOL) $ 134.71
matic-network
Polygon (MATIC) $ 0.503475
polkadot
Polkadot (DOT) $ 5.76
tron
TRON (TRX) $ 0.126281
HomeFinanceElizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax hole’
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Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax hole’

A lot of United States lawmakers have urged the Inside Income Service and the Treasury to hurry up the closure of tax loopholes being exploited by “crypto tax evaders.”

In an Aug. 1 letter, Democratic Senators Elizabeth Warren, Bernie Sanders, Bob Casey and Richard Blumenthal warned the highest officers of each companies that they have to swiftly act on new tax rules.

Letter to the Treasury and the IRS urging swifter crypto tax coverage. Supply: Elizabeth Warren
Elizabeth Warren’s anti-crypto military marketing campaign. Supply: Twitter

Proceed Studying on Coin Telegraph

See also  US Fed clarifies course of for banks to transact in stablecoins
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