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There are strong bicameral discussions on this issue and Chairman Smith and @RepHorsford have advanced a thoughtful proposal. I am especially pleased that it includes our legislation to fix the gaming losses tax that has harmed Nevada.
Certainty for taxpayers with digital assets is an important issue, and I look forward to working with my colleagues in the Finance Committee on bipartisan solutions.
I commend Senator @SteveDaines for introducing the Aligning Digital Assets with Principles of Taxation Act.
This bill has much in common with the Digital Asset Tax Certainty Act, which passed out of the Ways and Means Committee on a strong bipartisan vote. There is also clear
Never good to hear this (since this is the best vehicle right now for our phantom gambling income tax fix), but it’s unsurprising Sen. Lummis (R-WY) is bearish about any crypto legislation after her separate crypto bill (the CLARITY Act) dropped dead last month despite years of negotiations and concessions. Would’ve been surprised if she was optimistic
Crypto’s top congressional ally is bearish on the odds of a tax bill for digital assets passing this year, underscoring the bleak reality facing this top industry priority.
More from @LauraEWeiss16 and @ccleffert:
punchbowl.news/article/financ…
A source views this as a snide remark by a retiring Senator (her term ends in January) who is upset over her pet project (the CLARITY Act) failing just recently. Also worth noting she’s not on the committee negotiating the deal between the House and the Senate. Doesn’t mean it’ll be easy to get this done, but worth noting
Never good to hear this (since this is the best vehicle right now for our phantom gambling income tax fix), but it’s unsurprising Sen. Lummis (R-WY) is bearish about any crypto legislation after her separate crypto bill (the CLARITY Act) dropped dead last month despite years of
Looks like Prediction Market odds of a fix occurring by EOY halved since I last checked yesterday, that feels like an overreaction to the last 24hrs despite us being clear underdogs to get this done in time. November will be key to this
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